Christen Vestal Of Provident Realty Advisors Sells Industrial Asset In Laredo For $30 Million

The transaction involved an industrial asset located at 1203 Reuthinger Parkway in the Laredo market, characterized by a sale price of $30,000,000. The property encompasses 238,800 square feet, translating to a price per square foot of $125.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $30,000,000
• Address: 1203 Reuthinger Parkway
• Market: Laredo
• Square Footage: 238,800
• Price per Square Foot: $125
• Seller: Christen Vestal - Provident Realty Advisors
• Buyer’s Representative: David Wang - PropNex Realty Group
• Seller’s Representative: Joshua Aguilar - CBRE

The sale signifies a successful phase in the Northpoint 35 project, with Christen Vestal overseeing the acquisition, development, and sale of the property in an 18-month timeframe. This transaction highlights the collaborative efforts of the brokerage teams involved in facilitating the deal.