Aquila and PacVentures Buy Campus at Arboretum

Aquila Commercial and PacVentures acquired the Campus at Arboretum, a five-building office campus totaling 318,000 square feet near Austin’s Arboretum shopping center. The complex is described as roughly two-thirds leased, with room for investors to raise occupancy through renovations and targeted leasing.

The property was most recently appraised at $67.7 million, but the seller and deal price were not disclosed. Buyers plan upgrades to common areas and amenity spaces and the addition of spec suites. Tenants mentioned include Kimley-Horn and Freese and Nichols, along with Cox Automation.