AUSTIN—AIC Ventures has acquired two industrial buildings in Houston and Chattanooga, Tenn.
Austin-based AIC generally buys industrial facilities from users and then leases them back, freeing up capital for the seller, says the Austin Business Journal.
The latest purchase in Houston was a 94,000-square-foot building that was owned by Bluewater Thermal Solutions, which provides heat treatment services to the manufacturing industry. The Tennessee purchase was a 144,000-square-foot building that was owned by Burner Systems International Inc., which supplies components, assemblies and system solutions for the gas appliance industry.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
