Andrew Kaplan Of PacVentures And Chad Barrett Of Aquila Commercial Acquire 318,000 SF Office Complex In Austin

The transaction involves a five-building office complex located at 10415 Morado Circle in Austin, Texas. This property encompasses a total of 318,000 square feet and is positioned in a market that is experiencing growth. The asset will undergo upgrades focusing on key tenant amenities and common areas as part of its repositioning plan.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Undisclosed
• Address: 10415 Morado Circle
• Market: Austin
• Square Footage: 318,000
• Buyer: Andrew Kaplan - PacVentures
• Buyer: Chad Barrett - Aquila Commercial

PacVentures Inc. and AQUILA Commercial are collaborating on this acquisition, aiming to enhance the property's appeal through improvements to fitness, lounge, conference, and building systems. The joint venture is targeting to reposition the campus with refreshed interiors and outdoor spaces.