AUSTIN, TX—CBRE has been exclusively retained by Chicago-based Brennan Investment Group to market the Austin Light Industrial Portfolio, made up of three, 100% leased buildings totaling 137,635 square feet in one of the fastest-growing metropolitan areas in the country.
The portfolio is located throughout Austin which places the assets centrally within 200 miles of three of the 10 largest U.S. cities (Dallas, Houston and San Antonio). The portfolio includes three multi-tenant projects, all of which have a broad range of demised suite sizes, allowing future ownership tremendous flexibility in organically growing in-place tenants.
9210 Cameron Road in the East Austin submarket
4120 Commercial Center Drive in the South Austin submarket
14050 Summit Drive in the North Central Austin submarket
Austin was one of the first U.S. cities to recover from the recession and is projected to grow 24% in population by 2020. The MSA’s economy thrives on a balance of industries and business sectors including technology, government, health services and education, making this portfolio composition an ideal investment.
The Austin Light Industrial Portfolio is positioned to generate above benchmark returns through increased economic rent, which is a result of the improving national economy as well as the strengthening of local Austin market fundamentals.
Jack Fraker, Josh McArtor, Jonathan Bryanand Heather McClain Venegoni, with CBRE National Partners, and John Barksdale and Mark Emerick, with CBRE in Austin, are marketing the Austin Light Industrial Portfolio with support from Scott Lewis, an expert in CBRE’s Debt & Structured Finance Group.