Industrial Commercial Properties acquired Windcrest International Business Park in Windcrest, Texas.
The 1.2-million-square-foot building sits on 66 acres and was formerly the corporate headquarters for Rackspace, which acquired the property in 2007.
ICP Plans onconverting the single-tenant asset into a multi-tenant business park. The company’s leasing efforts will focus on light industrial, manufacturing, office and retail users.