Apple Bites for 4 Buildings Near New Campus
- Mar 28, 2015
Apple has acquired Crossing North, a four-building office complex it had been leasing in Northwest Austin. Terms were not disclosed, reports The Austin American-Statesman.
The 354,354-square-foot office complex is located at 12535 Riata Vista Circle, across the street from the $348 million, 1 million-square-foot Americas Operations Center that the technology giant is building.
Riata Holdings L.P., an affiliate of San Francisco-based Spear Street Capital, was the seller of the property, which is valued at $62.5 million, according to Travis Central Appraisal District records.
For locating its new operations center in Austin, Apple is in line for more than $34 million in state, city, and county incentives. According to state records, the company has received a $5.25 million payment from the Texas Enterprise Fund.
Image courtesy of Google Maps.