GPR Ventures has made its first acquisition in Texas, purchasing a 204,337-square-foot industrial warehouse in Midland, which will serve as an industrial and public-storage building.
The 49-unit building is 91 percent occupied, with 35 tenants. Though this marks GPR Ventures’ 45th overall acquisition since 2011, this is the company’s first purchase in Texas. Located at 2703 W. Industrial Ave., the new acquisition is minutes away from Interstate 20 and centrally positioned within the city.
“We plan to immediately execute several capital improvements, including new paint and signage, and look forward to building great relationships with the current tenants,” said Phillip Rolla, GPR Ventures co-founder and managing principal.
Midland consistently ranks as one of the top places to live in Texas due to its fast growth, strong oil and natural gas industry, and unique combination of big-city charm and small-town culture. Midland is also
