Vintage Buys 201,594-SF Pecan Business Park

(Read more on the industrial market.)

AUSTIN-Vintage Interests LP has just closed on the 201,594-sf Pecan Business Park, pushing its investments in the state to $85 million in two years. The Dallas-based investment group has acquired the six-building park in the southeastern submarket from a local partnership.

Assets similar to Pecan Business Park at 3913 Todd Lane have sold for $60 per sf. Rusty Perry, founder and managing partner of Vintage, says the 24-year-old buildings, sold by Pecan Business Park Ltd., fit well into the company’s investment parameters. Pecan Business Park, situated on 7.8 acres, was 90% occupied at sale time.