CenterPoint Properties Trust Acquires Industrial Property In Austin From Promontory Partners

The industrial property located at 3830 Promontory Point in Austin has been sold in a recent transaction. The property spans approximately 69,332 square feet and sits on a land area of 5.96 acres. The sale of this industrial asset took place on January 4, 2022.

Summary of transaction details:

• Property Type: Industrial
• Sale Date: January 4, 2022
• Address: 3830 Promontory Point, Austin
• Market: Austin
• Square Footage: 69,332
• Land Area: 5.96 Acres

The buyer of the property is CenterPoint Properties Trust, while the seller is Promontory Partners. The deal was facilitated by brokers Dom Espinosa, Josh Villarreal, and Clayton Knavel from JLL Capital Markets.