(To read more on the industrial market, click here.)
AUSTIN-A first-time joint venture has acquired thefour-building, 472,383-sf Austin Industrial Portfolio. Thepredominantly bulk industrial portfolio, built between the late1970s to the mid-1980s, has an 86% occupancy.
To fund the acquisition in the northwestern and northernsubmarkets, Kennedy Wilson's Austin team tapped into a $250-millioninvestment fund of Strategic Capital Partners in Chicago. Neitherask nor sale price is available, but comparable properties in therespective submarkets have sold for $60 per sf to $100 per sf.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
