Circle Industrial Acquires Industrial Asset From Westcore In New Braunfels For $45.5M

The property asset involved in this transaction is an industrial facility located at 175 Southwestern Avenue, New Braunfels. The sale price for the property was $45,500,000, encompassing a total of 397,600 square feet, resulting in a price per square foot of $114.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $45,500,000
• Address: 175 Southwestern Avenue
• Market: New Braunfels
• Square Footage: 397,600
• Price Per Square Foot: $114
• Buyer: Pat Maloney, Eric Omohundro, Rob Mullahey, Peter Zirkle, Mason Atteridge - Circle Industrial
• Seller: Hack Adams - Westcore
• Brokers: Jeff Chiate, Jud Clements, Trevor Berry - Cushman & Wakefield; Joe Cesta, Jonathan Bryan, Elliott Dow - CBRE

Key individuals in this transaction include the buyer representatives from Circle Industrial and the seller representative from Westcore. The brokers involved in facilitating the transaction were from two different firms, Cushman & Wakefield and CBRE, highlighting a collaborative effort to close the deal.