The property involved in the transaction is an industrial asset located at 303 West San Antonio Street, Lockhart. The total square footage of the building is 20,076. The asset was previously owned by Cooper Texas Properties and has been acquired for educational purposes.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Buyer: Austin Community College
• Seller: Cooper Texas Properties
• Buyer's Representative: Amelia Smith - Countywide Realty
• Seller's Representatives: Madison Lewis & Omar Nasser - Aquila Commercial
• Date of Transaction: 12/18/2024

Austin Community College has plans to convert the historic Ford Building into a permanent educational facility. This facility will support workforce development and community needs, with a scheduled opening as early as spring 2025. ACC intends to offer both classroom and hands-on learning spaces and aims to collaborate with local businesses to enhance career opportunities for students in Lockhart following the November 2024 annexation into the ACC District.