Stockbridge Capital Group acquired a fully leased industrial park located at 2305 Scottsdale Drive, Cedar Park, with a total square footage of 271,689. The transaction represents the first phase of a $250M mixed-use development project. The property reached full occupancy within 14 months of its availability.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Address: 2305 Scottsdale Drive
• Market: Cedar Park
• Asset Size: 271,689 sq ft
• Buyer: Terry Fancher - Stockbridge Capital Group
• Seller: Riverside Resources, Live Oak Group & Cordova Real Estate Ventures
• Brokerage: Trent Agnew, Witt Westbrook, Kyle Mueller, Rob Ellwood & Patrick McCord - JLL

The acquisition marks a strategic move by Stockbridge Capital Group, facilitated by a team of brokers from JLL. The joint venture led by Riverside Resources has initiated plans for future phases intended to further develop both industrial and mixed-use components surrounding the property.