Apr. 22, 2010
Info from Austin Business Journal:
A California-based equity investor has picked up a $42.9 million, 704,000 square foot portfolio of Austin commercial real estate. PS Business Parks Inc. paid cash in the sale closed Wednesday, according to a release. The deal includes three business parks with multi-tenant flex space — meaning warehouse or office use — in 13 separate single-story buildings. The release said the deal also expands the companies reach in a park where it already owns property. The entire portfolio is about 88 percent leased with average contracts of 15,900 square feet.
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