Aquila Commercial And PacVentures Acquire Office Complex In Northwest Austin For Lease Upgrades

A joint venture between Aquila Commercial and PacVentures acquired the five-building Campus at Arboretum office complex located at 10431 Morado Circle in Austin, which comprises 318,000 square feet. The property is approximately 67% leased, with plans for renovations, amenity upgrades, and spec suites to enhance occupancy rates near the Arboretum retail hub.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Address: 10431 Morado Circle
• Market: Austin
• Asset Size: 318,000 SF
• Buyer: Jay Lamy - Aquila Commercial; Andrew Kaplan - PacVentures
• Broker: Ryan Stevens - JLL

This transaction highlights the collaboration between diverse investors and the strategic intent to revitalize the property. The buyers aim to increase the site's value through improvements, illustrating a proactive approach to commercial real estate management in the Austin market.