JV Pays $23M for Ownership Rights to Pecan 130 Commerce Center

A joint venture between San Juan Capistrano-based Birtcher Anderson Realty and Alex Brown Realty of Baltimore, MD acquired Pecan 130 Commerce Center, a 240,000-square-foot, light industrial property in Pflugerville, TX. The duo paid the New Jersey seller $23.2 million for ownership rights of the asset at 3813 Helios Way.

The two-building property delivered in 2014, and is 93% occupied by eight tenants including Danone, EOS and LifeLast Products.

“North Austin is a rapidly-growing market for residential and commercial property, with rental rates steadily on the rise, even in the face of new construction” said Birtcher Anderson’s Bob Anderson. “The property is strategically located adjacent to a major arterial, giving excellent accessibility for the tenants and their customers to their businesses, homes, and downtown Austin.”

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