Stream Realty Partners brokered the sale of 1205 Reed Drive, a premier 283,000-square-foot industrial building spanning 25 acres in Lockhart, Texas.
The property was purchased by Sensei Farms, the sustainable farming company backed by Sensei Ag Holdings, Inc., from Austin-based Evergen Equity.
The unique property includes a 5.38-acre greenhouse, a 48,900-square-foot high-tech warehouse that serves as the nucleus of the site, and nine acres of excess land available for future development. Stream Managing Director Ralph Coppola, Senior Associate Will Hall, and Associate Bridger Gunderson represented the seller, Evergen Equity, in the transaction.
Sensei Farms, backed by Oracle Co-Founder Larry Ellison, has executed another high-profile CRE investment in the Greater Austin market, joining the ranks of Elon Musk, Michael Dell, and Tito Beveridge. Founded in 2018 by Ellison and Dr. David Agus, the company is a leader in sustainable agriculture with operations in Hawaii, California, and Canada. The Lockhart acquisition marks a significant step in Sensei’s Texas expansion and underscores Ellison’s long-term vision to transform food production through advanced agricultural practices.
