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TRANSWESTERN INVESTMENT GROUP SELLS 350,171 SF SOUTHPARK COMMERCE CENTER V IN AUSTIN, TEXAS
(FEB. 12, 2019 – AUSTIN, TEXAS) – Transwestern Investment Group (TIG®) today announces it has it has sold Southpark Commerce Center V to Hillwood. Located within the Southeast industrial submarket of Austin, Southpark Commerce Center V is a recently completed, 50 percent leased, three-building project totaling 350,171 square feet at 4500 S. Pleasant Valley Road in Austin, Texas.
“We were pleased to work with Transwestern Development Co. to deliver a state-of-the-art facility to meet pent-up demand in the southeast Austin industrial submarket,” said Clarke Crenshaw, Managing Director at TIG. “Austin’s industrial market fundamentals remain strong, demonstrated by the robust leasing activity the property has seen thus far.”
Located near Interstate 35 and State Highway 71, Southpark Commerce Center V is 4 miles from downtown Austin, 4 miles from Austin-Bergstrom International Airport, and 75 miles from San Antonio. The park offers state-of-the-art design with 24-foot to 28-foot clear, rear-load design, 150-foot to 180-foot truck courts, ample car parking and ESFR fire protection.
TIG was represented in the sale by the HFF team including Managing Directors Trent Agnew, Adam Herrin, and John Taylor; Director Stephen Bailey; and Analyst Dom Espinosa.
ABOUT TRANSWESTERN INVESTMENT GROUP
Transwestern Investment Group (TIG®) is an investment adviser serving a broad range of clients through a diversified array of discretionary and non-discretionary investment vehicles. With $4.3 billion of assets under management as of year-end 2018, our client-focused, relationship-driven approach is built upon trust, integrity and transparency. TIG provides tactical investment management with an integrated operating platform through the Transwestern enterprise, which includes a diversified real estate services firm with 34 U.S. offices and a prominent commercial development company. For more information, visit transwesterninvest.com. transwesterninvest.com.
This document does not constitute an offer, solicitation or recommendation to sell or an offer to buy any securities, investment products or investment advisory services. Any offer or solicitation will be made only pursuant to a confidential private placement memorandum and subscription documents (the “Offering Materials”) and will be subject to the terms and conditions contained in such Offering Materials.