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Buyer Bets Big on Brownsville

PacVentures has been a Brownsville submarket owner for many years, steadily increasing its presence with the recent acquisition of vacant land next to the NAFTA Business Park and a 10-building industrial portfolio.

1000 Billy Mitchell Blvd. 1000 Billy Mitchell Blvd. is comprised of 120,120 square feet (credit: 42 Floors).

BROWNSVILLE, TX—Commercial activity is hopping in this port city, due to strong fundamentals at play throughout the region. Recently, PacVentures acquired a 10-building industrial portfolio totaling 811,092 square feet from Sealy. The purchase price was undisclosed.

The properties are 1000 Billy Mitchell Blvd. with 120,120 square feet, 1900 Billy Mitchell Blvd. buildings A-D with 375,000 square feet, 200 Texas Ave. with 64,956 square feet and 600–800 Elca Lane with 251,016 square feet.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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