{"id":1004298761,"date":"2019-02-14T07:48:51","date_gmt":"2019-02-14T15:48:51","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004298761"},"modified":"2019-02-14T07:48:51","modified_gmt":"2019-02-14T15:48:51","slug":"southpark-commerce-center-v-under-new-ownership","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/southpark-commerce-center-v-under-new-ownership\/","title":{"rendered":"Southpark Commerce Center V Under New Ownership"},"content":{"rendered":"
\"\"<\/a>

Southpark Commerce Center V<\/p><\/div>\n

Hillwood, a Perot company, has acquired its second asset in Austin, Texas. The firm purchased Southpark Commerce Center V in the Southeast industrial submarket from Transwestern Development Co.<\/p>\n

The three-building industrial property totals 350,171 square feet at 4500 South Pleasant Valley Road, near Interstate 35 and State Highway 71. The asset is 4 miles from downtown Austin, 4 miles from the Austin-Bergstrom International Airport and 75 miles from San Antonio. Recently completed, the asset is 50 percent leased and features 24- to 28-foot clear height, rear-load design, 150- to 180-foot truck courts, ample car parking and ESFR fire protection.<\/p>\n

\u201cThis acquisition is consistent with our strategy to acquire and develop high-quality, functional industrial real estate<\/a> in major U.S. markets,\u201d <\/em>Tom Fishman, Hillwood’s executive vice president of acquisitions and dispositions, said in a prepared statement.<\/p>\n

Tenants wanted<\/h2>\n

HFF represented TDC in the transaction through Managing Directors Trent Agnew, Adam Herrin and John Taylor, and Director Stephen Bailey and Analyst Dom Espinosa. The new owner has retained Transwestern Commercial Services to provide leasing and management services.<\/p>\n

\u201cWe look forward to teaming up with Luke Wheeler and Nash Frisbie of Transwestern Commercial Services in providing prime located, Class A distribution space, ranging from 15,000 to 90,000 square feet,\u201d <\/em>added Toby Rogers, senior vice president & Texas market leader at Hillwood.<\/p>\n

\u201cAustin\u2019s industrial market fundamentals remain strong, demonstrated by the robust leasing activity we\u2019ve seen thus far,\u201d<\/em> said Wheeler. <\/p>\n

Image courtesy of Hillwood<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The recently completed industrial asset is 50 percent occupied, with leasing and management services assigned to Transwestern Commercial Services .<\/p>\n","protected":false},"author":237,"featured_media":1004298764,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21784,21743,21748,21783,21742],"tags":[32792,39131,33313],"class_list":["post-1004298761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-brokerage","category-deals","category-industrial","category-investment","category-latest","tag-hff","tag-hillwood-investment-properties","tag-transwestern"],"acf":[],"yoast_head":"\nSouthpark Commerce Center V Under New Ownership - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/southpark-commerce-center-v-under-new-ownership\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Southpark Commerce Center V Under New Ownership\" \/>\n<meta property=\"og:description\" content=\"The recently completed industrial asset is 50 percent occupied, with leasing and management services assigned to Transwestern Commercial Services .\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/southpark-commerce-center-v-under-new-ownership\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-14T15:48:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/TF.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/southpark-commerce-center-v-under-new-ownership\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/southpark-commerce-center-v-under-new-ownership\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"Southpark Commerce Center V Under New Ownership\",\"datePublished\":\"2019-02-14T15:48:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/southpark-commerce-center-v-under-new-ownership\\\/\"},\"wordCount\":252,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/southpark-commerce-center-v-under-new-ownership\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/02\\\/TF.jpg\",\"keywords\":[\"HFF\",\"Hillwood Investment Properties\",\"Transwestern\"],\"articleSection\":[\"Austin\",\"Brokerage\",\"Deals\",\"Industrial\",\"Investment\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/southpark-commerce-center-v-under-new-ownership\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/southpark-commerce-center-v-under-new-ownership\\\/\",\"name\":\"Southpark Commerce Center V Under New Ownership - 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