We are pleased to announce that Argosy Real Estate Partners has closed on the acquisition of 904 Leander Drive, a 3.3-acre industrial outdoor storage (“IOS”) property improved with an 8,940 sf building located in Leander, TX, (Austin MSA).

The off-market acquisition represents the second investment within the Sunbelt Industrial Portfolio, a strategy focused on aggregating small-format IOS and light industrial assets across key growth markets throughout the Sunbelt region. The Austin MSA is among the fastest-growing metropolitan areas in the United States, with strong demand from infrastructure, utility, telecommunications, and industrial service users.

The property’s functional layout makes it well suited for contractors, infrastructure companies, and other industrial occupiers seeking operationally critical facilities in the Austin market. The business plan includes leasing the property to an industrial user and capitalizing on growing demand for functional IOS assets in supply-constrained markets.

Argosy continues to pursue additional Sunbelt Industrial Portfolio opportunities across Georgia, Texas, and Florida, where tenant demand for functional industrial outdoor storage remains strong.

Argosy’s co-investor and operating partner is Bay Street Capital, a leading industrial outdoor storage platform founded in 2021 that specializes in value-add IOS and industrial real estate investments throughout the United States.