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TIER REIT scoops up 2 Texas office buildings for $150M

TIER REIT Inc. expanded its footprint at The Domain in Austin, Texas, with the acquisition of the Domain 2 and Domain 7 office buildings for about $150 million, the Austin Business Journal reported, citing Real Capital Analytics.

The two properties cover 337,000 square feet at 11800 Domain Blvd. and 11421 Alterra Way. The Domain 2 building is fully leased to HomeAway Inc., while the Domain 7 building is leased to Amazon.com Inc., Brookfield Residential, Huckabee Inc. and other tenants.

Shorenstein Properties was the seller.