METZLER SELLS INDUSTRIAL BUILDING IN AUSTIN FOR $24M

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AUSTIN, TEXAS — Seattle-based Metzler Real Estate has sold TechRidge Five, a 226,076-square-foot industrial property in Austin for $24 million. Investor group GH TechRidge Five Inc. purchased the Class A facility, which is fully leased to NCS Pearson, an education and publishing company. The light industrial facility is located at 905 W. Howard Lane. Metzler was self-represented by Matthew Paddock, in addition to Jack Fraker and Josh McArtor of CBRE, in the transaction.

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