1000 Billy Mitchell Blvd. Brownsville, TX

November 29, 2018 Comments Off on PacVentures Snags 10-Building, 811K-SF Portfolio Views: 2464 Texas - Other, Texas News

PacVentures Snags 10-Building, 811K-SF Portfolio

PacVentures acquired a 10-building, 811,000-square-foot industrial portfolio located in Brownsville, TX. The San Diego buyer came to an agreement with seller Sealy and Company to buy the portfolio, which is 96% occupied. Steve Rowland with Transwestern and Joe Simmons with Aquila Commercial represented PacVentures in the purchasing process.

The portfolio consists of:

  • 1000 Billy Mitchell Blvd. – 120,120 square feet
  • 1900 Billy Mitchell Blvd. Buildings A-D – 375,000 square feet
  • 200 Texas Ave. – 64,956 square feet
  • 600 – 800 Elca Lane – 251,016 square feet

PacVentures owns other Brownsville properties, and is steadily increasing its presence in the South Texas city. “This portfolio was a compelling opportunity because of the strong near-term fundamentals of the South Texas industrial market,” Rowland said. “PacVentures anticipates a negligible amount of speculative development, relieving concerns about new supply potentially impacting continued upward rent pressure.”

Connect with Tranwestern’s Rowland

Connect with Aquila Commercial’s Simmons

Get CRE News in 150 words

For comments, questions or concerns, please contact Amy Sorter

Tags: ,

Comments are closed.

Send this to a friend