New York-based corporate financing firm W. P. Carey Inc. has acquired State Farm’s Austin operations center in a $110 million deal that involves leasing the nearly 450,000 square foot facility back to the insurance giant.
State Farm has about 1,400 employees at the center, which is in Northwest Austin and has been State Farm’s operations center since 1994. The facility is part of Amber Oaks Corporate Center, which is near U.S. 183 and Parmer Lane.
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