Updated Sep 1, 2026
Kent Cos. Signs 39,894 Square Foot Industrial Lease With Brookfield Properties In Austin Texas
2328 Ambition Way
Building Size
39,894 SF
Asset Type
Industrial
Closing
Aug 28, 2026
About this deal
AI
The property involved in this transaction is a 39,894-square-foot industrial asset located at 2328 Ambition Way in Austin, TX. The lease was signed by the tenant, Kent Cos., at the Tuscany X Crossing Business Park. The specific details regarding the price of the lease are not disclosed.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 2328 Ambition Way
- Market: Austin, TX
- Landlord: Brookfield Properties
- Tenant: Kent Cos.
- Landlord's Representative: Blake Patterson - Aquila Commercial
- Tenant's Representative: Luke Clardy - Bradford Commercial Real Estate Services
This lease transaction represents a strategic move for Kent Cos., signifying their relocation and expansion of regional specialty concrete operations. The representatives involved in this deal include Blake Patterson from Aquila Commercial representing the landlord and Luke Clardy from Bradford Commercial Real Estate Services representing the tenant.
Players
Way Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93