McAllen's, Neuhaus Tower, bought by Austin based business

Friday, July 12, 2013 - 8:40am

The tallest building in McAllen, Neuhaus Tower, has a new owner based out of Austin.

Cielo Realty Partners bought the 17 floor structure from its previous owner, Toronto based Brookfield Asset Management.

The 33 year-old building and surrounding property are valued at about $9 million dollars and is located on South 10th Street.

It was once the home to McAllen State Bank and a top floor restaurant and the new owners plan to renovate the property to attract new tenants.

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