World Class Capital Group (WCCP), an Austin-based private real estate investment firm, announced this week that it had closed on two major commercial real estate acquisitions in Texas and California. The properties include North Oaks Shopping Center, a 450,000 square foot retail center in Houston, Texas, and Andrita Media Center, a 110,000 square foot creative office and studio building in Los Angeles, California.
WCCP purchased the properties for an undisclosed sum from unnamed buyers. It is known, however, that Broadcast Facilities, a media services company led by former Pixar and Fox executive Simon Bax and Bill Tillson, the President of Broadcast Cable Services, Inc., purchased the Andrita Media Center from Playboy Enterprises in April 2008. "Andrita Media Center provided us the opportunity to make a strategic buy on a high-quality asset and enter the Southern California market," said Nate Paul, President and CEO of WCCP.
For more news and information visit Blumberg Capital Partners.
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