TRANSWESTERN BROKERS SALE OF COMMERCE CENTER SOUTH

by admin

AUSTIN, TEXAS — Transwestern has arranged the sale of Commerce Center South, three Class A industrial properties totaling 155,545 square feet in Austin's Southeast Industrial submarket. The property is 100 percent leased and is situated on a 35.3-acre development site. Hale Umstattd, Leah Gallagher and Luke Wheeler of Transwestern represented the seller, PacTrust, in the transaction. Commerce Center South is the first Austin acquisition for the buyer, Pennsylvania-based Stoltz Real Estate Partners. The company plans to expand its Austin portfolio in the future by buying office, industrial and retail properties. Stoltz purchased Commerce Center South through its investment vehicle, SREF IV.

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