by Shawna De La Rosa
Tue, 07 Dec 2021 06:05:17 +0000
A Southern California firm purchased the 16-acre site on Aug. 31 for $43 million. The sale, at $141 per square foot, is one of the Puget Sound region's highest-dollar industrial transactions so far this year.
High-rise potential has long been seen at this site just south of the Austin Convention Center. Now it's close to being purchased by an East Coast firm that owns roughly 5.7 million square feet nationwide. It remains to be seen if World Class will oppose the deal, which could set a per-square-foot price record for the city.