Hillwood Expands Austin Portfolio with Acquisition of Southpark Commerce Center V
AUSTIN, Texas--(BUSINESS WIRE)--Feb 12, 2019--Hillwood, a Perot company, has made its second investment in Austin with the acquisition of Southpark Commerce Center V. Located within the Southeast industrial submarket, Southpark Commerce Center V is a recently completed, 50% leased, three building industrial project totaling 350,171 square feet, at 4500 South Pleasant Valley Road.
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“We are proud to expand our footprint in Austin,” said Tom Fishman, EVP, acquisitions and dispositions. “This acquisition is consistent with our strategy to acquire and develop high-quality, functional industrial real estate in major U.S. markets.”
Located near Interstate 35 and State Highway 71, Southpark Commerce Center V is four miles from downtown Austin, four miles from Austin-Bergstrom International Airport, and 75 miles from San Antonio. The project offers state of the art design with 24’ to 28’ clear, rear load design, 150’ to 180’ truck courts, ample car parking and ESFR fire protection.
“We look forward to teaming up with Luke Wheeler and Nash Frisbie of Transwestern Commercial Services in providing prime located, Class A distribution space, ranging from 15,000 to 90,000 square feet,” said Toby Rogers, SVP, Texas market leader.
For more information on Hillwood’s acquisition criteria and the latest investments, visit hillwood.com.
Hillwood is a leader in acquiring and developing high-quality industrial properties across North America and Europe. Hillwood pursues well-located, functional buildings and land and collaboratively builds successful partnerships with public and private landowners, as well as developers to execute and invest throughout a broad spectrum of industrial projects. As a privately held company, Hillwood possesses the depth of capital, market expertise, industry relationships and forward-thinking vision to buy and build industrial properties that meet the logistics, distribution and manufacturing demands of evolving markets.
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CONTACT: James Fuller, 240-393-1369
KEYWORD: UNITED STATES NORTH AMERICA TEXAS
INDUSTRY KEYWORD: CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE
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PUB: 02/12/2019 09:02 AM/DISC: 02/12/2019 09:02 AM