DEL RIO, TX- PRP LLC has acquired the Federal District Courthouse and Social Security Administration Facility here for a combined $22.02 million. The Washington, DC-based investor made the buys on behalf of its US Government Properties Income & Growth Fund LP.
The properties represent the Fund’s third and fourth acquisitions. Recently, PRP bought a regional FBI building in San Antonio as well as a border patrol station in Montana.
Paul Dougherty, president of PRP, tells GlobeSt.com the firm is acquiring GSA-leased buildings all over the country. It just so happens many of its recent transactions are in Texas. “GSA has a big footprint in that state,” he says.
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