DON QUICK AND ASSOCIATES BROKERS $4.1 MILLION LAND SALE FOR NEW FEDEX FACILITY IN PFLUGERVILLE
Broker Charles Harvey secures international buyer for 33-acre tract at 130 Commerce Center.
ROUND ROCK, Texas—Commercial real estate firm Don Quick and Associates, Inc., today announced that Charles Harvey, a vice president with the firm, brokered a $4.1 million land sale representing the seller, the Pflugerville Community Development Corporation (PCDC.) The 33-acre tract is located within 130 Commerce Center, a mixed-use development under construction at the southwest corner of SH 130 and Pecan Street in Pflugerville.
Scannell Properties, which develops and owns FedEx locations all over the U.S., closed March 4 on the land purchase from the PCDC. Scannell will oversee construction of a 250,000-square-foot facility on the property, then will lease the entire building to FedEx Ground.
Harvey marketed this tract of land to Scannell and FedEx, showcasing the immediate access to SH 130 in one of the only communities with utilities in place along the tollroad.
“Scannell was looking for a large enough tract of land for FedEx Ground to expand and construct a new facility, and immediate highway access to ensure prompt shipment deliveries was key,” Harvey said. “The PCDC was targeting a user that needed a strategic location with highway access, and one that would be complementary to the other businesses located at 130 Commerce Center. FedEx turned out to be the perfect fit.”
The FedEx tract was the last remaining industrial land within the first phase of 130 Commerce Center. We continue to market the 130 Commerce Center as a regional development, in what’s been proven as a strategic location, with three additional phases at the intersection of SH 130 and Pecan. The subsequent phases range in size from 70 to 400 acres.
Though the PCDC sold the land at a discount as part of an economic development initiative, the 4B corporation cleared a net profit of $2 million on the sale of the land.
The relocation to 130 Commerce Center, expansion and consolidation of offices will make the new Pflugerville location the largest FedEx Ground facility in Central Texas.
The 33.424-acre tract of land was sold for $4,096,250.
March 7, 2014
Stansbury Public Relations