Press

HDG Mansur announces the acquisition of the Overwatch Systems Campus

28 September 2007

HDG Mansur completed the acquisition of the Overwatch Systems office building in Austin, Texas, on behalf of a fund it manages. The newly constructed office building developed by Transwestern Austin was a build-to-suit building for Overwatch Systems Ltd., which was recently acquired by a subsidiary of Textron, Inc.
The office building totals 164,700 sq. ft. and includes a six level parking garage. The building is situated on 48 heavily wooded acres in the desirable Southwest market. Permits are in place to construct an additional 123,500 sq. ft. building with a 500 space parking garage expansion.
"With some of the highest population and employment growth levels in the region, the Austin market continues to be one of the strongest in the United States," comments Harold D. Garrison, Chairman & CEO of HDG Mansur. "We are pleased to further our activity in the Austin area with this acquisition."

HDG Mansur was represented by Susan Routh, Director of Acquisitions in HDG's Dallas office. The seller was represented by Hale Umstattd of Transwestern Austin who represented the interests of Transwestern and one of their institutional partners.

Notes to Editor:
HDG Mansur is an international real estate industry leader with 25 years experience in providing real estate fund/asset management services and property development services worldwide. These services are structured to support the specific requirements of high net worth individuals and their private banks, trust companies and financial advisors. As of June 30, 2007, HDG Mansur's business activity includes:

  • $5.6 billion in international real estate investments
  • $2.6 billion of real estate assets currently under management worldwide
  • $4.0 billion in real estate financing
  • $1.2 billion in planned and managed equity
  • $2.9 billion in real estate value of fund investments
  • 29 million square feet in real estate investments
  • 25 years of experience
  • 4 offices worldwide – London, New York, Indianapolis and Dubai



IA CONTACT:
Tiffany Gerber
Phone: 317-655-7700
Email: tgerber@hdgmansur.com

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