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Joint Venture Sells Buda Texas Industrial Park
A joint venture between United Properties and PCCP has sold Buda Midway Phase 1, a Class A, 474,465-square-foot industrial park in Buda, Texas. The three-building complex was subject to a construction loan originated in 2021, totaling $27.6 million.
Phase 2 of the project will include four industrial buildings, totaling approximately 390,000 square feet, with the first facility set for completion in spring 2023.
Phase 1 of the 35.3 acre campus came online this year. Phase I is fully leased to Sherri Hill, Four Hands and CED Greentech, the latter having preleased 38,000 square feet almost a year ago
Located at 1795 Fire Cracker Drive, the property is 15 miles from Austin. Austin-Bergstrom International Airport is 16.5 miles away. Other warehouses in the area house companies including US Foods and Amazon.
The JLL Capital Markets team representing the seller included Trent Agnew and Dustin Volz, Dom Espinosa, Josh Villarreal and Megan Babovec.
- ◦Sale/Acquisition
