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Rising office rents and a strong economy have fueled owner-user demand, but with limited supply, there aren't many options for small businesses to purchase office space.
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.
DFW ranked in the top five for US population growth in 2017 and the metro area has a significantly higher percentage of its population in the 25 to 44 age cohort, a prime home buying demographic.
The two-story 65,000-square-foot building will be anchored by Spine Team Texas, one of the largest spine specialist practices in the metroplex, as well as a variety of clinics for Texas Health Resources.
The CAC includes a host of political, civic and business leaders in Queens and elsewhere in the city, many who have expressed support for the project that is expected to involve $4 billion in investment by Amazon and the creation of 25,000 to 40,000 new jobs.