(Read more on the industrial market.)
AUSTIN-Vintage Interests LP has just closed on the 201,594-sfPecan Business Park, pushing its investments in the state to $85million in two years. The Dallas-based investment group hasacquired the six-building park in the southeastern submarket from alocal partnership.
Assets similar to Pecan Business Park at 3913 Todd Lane havesold for $60 per sf. Rusty Perry, founder and managing partner ofVintage, says the 24-year-old buildings, sold by Pecan BusinessPark Ltd., fit well into the company's investment parameters. PecanBusiness Park, situated on 7.8 acres, was 90% occupied at saletime.
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