In a noteworthy transaction, Austin-based Partners Capital sold the Triangle Center at 2000 N. Mays St. to Catalyst Real Estate, a firm located in San Francisco. Triangle Center, a 58,929 sq ft property on 4.9 acres, houses major tenants such as NAPA Auto Parts, Sherwin Williams, and Starbucks. The facility was recently appraised at a whopping $9.8 million, marking its value in the vibrant Austin commercial real estate market.
This deal represents a growing trend of out-of-state investors bringing their capital to the bustling Austin area. Catalyst Real Estate, by representing itself in the transaction, has demonstrated a strong interest in our dynamic local market. SRS Real Estate Partners played a pivotal role in this deal by representing the seller, Partners Capital.
This considerable investment by a California-based company is yet another testament to Austin’s flourishing commercial real estate landscape. As professionals in this sphere, we need to stay on top of such important market shifts as they can signal potential competitive opportunities. To read about the original report, please follow the link [here](https://www.recenter.tamu.edu/news/newstalk-texas/?Item=29883).