CBRE Arranges Sale of Industrial Portfolio in Metro Austin

ROUND ROCK, TEXAS — CBRE has arranged the sale of five freestanding tilt-wall industrial buildings in the Forest Commons Business Park at 3912 – 3920 Gattis School Road in Round Rock. Long View Equity Partners, an Austin-based real estate investment firm, acquired the assets from HOWMAT Development LP. Totaling 160,830 square feet, the buildings were designed and built by HOWMAT’s parent company, Central Texas Tiltwall LP, an Austin-based design-build firm. Long View expects the transaction to be immediately accretive for its third co-mingled investment fund. The facilities are 100 percent leased to a variety of industrial and flex office tenants. Long View plans to hold the property long-term. Greg Marberry of CBRE represented the seller in the transaction.