AUSTIN - PacTrust, headquartered in Portland, Ore., sold the 155,545-sf Commerce Center South, located at 5812 Trade Center Dr., to Stoltz Real Estate Partners.
With its first buy in the Austin area, the Pennsylvania-based investor obtained three Class A flex industrial buildings that were 100 percent occupied, plus a 35.3-acre development site.
According to the Travis Central Appraisal District, Commerce Center South was assessed at $4.3 million.
PacTrust acquired the industrial property in 2000.
Read more at GlobeSt.com.
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