Aquila and PacVentures Acquire Arboretum Office Campus in Northwest Austin
Aquila Commercial and PacVentures have acquired a 318,000-square-foot office campus in Northwest Austin for $67.7 million. This acquisition targets the area’s potential for increased occupancy through renovations and strategic leasing.
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Aquila Commercial and PacVentures purchased the Campus at Arboretum, a five-building office complex totaling 318,000 square feet, for $67.7 million. The property is approximately 67 percent leased, with plans for updates to common areas and the addition of spec suites for tenants.
The location's proximity to major highways and retail hubs is a significant factor in the investment decision. Tenants currently include engineering firms and automation companies, reflecting the site's appeal to professional services. The area is undergoing transformation, with redevelopment projects that may enhance its mixed-use potential.
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