A partnership between Dinerstein Cos. and Fritsche Anderson Realty Partners LLC acquired the 85,000-square-foot building at 3411 Richmond Ave. earlier this month from Austin-based 3411 Richmond Partners Ltd.
Terms of the deal were not disclosed.
Both local firms moved into the seven-story building once they had it under contract. The building, which is 100 percent occupied, was originally constructed in 1967 and renovated 10 years ago.
Founded in 1955, Dinerstein develops and manages apartment complexes and student housing facilities.
Fritsche Anderson Realty Partners is a partnership between Anthony Fritsche and David Anderson, who left Trammell Crow Co. to form their own real estate company. The new firm does tenant representation, marketing, leasing and investment consulting for office and industrial properties.
Fritsche Anderson will handle future leasing in the 3411 Richmond building, while Transwestern has been hired to managed the property.
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source: bizjournals.com
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