The details
Central Texas Logistics Center consists of 485,885 square feet of industrial space spanning across seven buildings.
The property acquisition is Triten's first asset in the Austin submarket and its largest industrial acquisition to date, the news release states.
Notable quote
Will Hedges, partner at Triten Real Estate Partners, said Triten continues to "prove its tenacity" in pursuing industrial assets across the county.
"In the past year alone, we have broadened our traditional industrial and industrial outdoor storage portfolio to include properties in Atlanta, Dallas, Philadelphia and Washington D.C. We are pleased to add Austin to that growing list, as we now find ourselves positioned in one of the fastest-growing counties in the nation," Hedges said in a news release.
