Aerial view of the venture’s first section. Picture courtesy of Lane Growth and Companions Actual Property
Scarborough Lane Growth and Companions Actual Property have taken one other step towards the groundbreaking of a 2,000-acre industrial venture in San Marcos, Texas. AXIS Logistics Park, previously referred to as the SMART Terminal, is ready to turn into one of many largest master-planned industrial properties within the U.S.
Scarborough Lane not too long ago filed a request with the Metropolis of San Marcos for the annexation of 620 acres which might be at present outdoors its limits. Council members gave their preliminary approval, with the definitive determination anticipated by Could 16.
One other request concerned the rezoning of the property for heavy industrial use; the council will resolve on the matter on July 3. Roughly 735 acres on the Caldwell County website are already zoned for industrial use.
An industrial mega-development within the Texas Triangle
Scarborough Lane, which can also be the overall supervisor for AXIS Logistics Park, bought the location within the third quarter of 2021. The venture has been within the making since a minimum of 2018, based on Neighborhood Impression.
Slated to return on-line in three phases, with the primary comprising some 850 acres, AXIS will embody each speculative and build-to-suit services. The Class A growth is slated to function a regional distribution hub for retailers, suppliers and producers and plans embody water and wastewater infrastructure and a 600 MW electrical substation with a 356 kV transmission line.
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The co-developers are working with the San Marcos and Caldwell County governments to market area on the park to nationwide and worldwide industrial tenants. John Colglazier, Grey Gilbert, Chris Haro, Kyle Kennan and John Simons of Companions Actual Property are the lead brokers for the venture.
The positioning is inside the Texas Triangle, a megaregion encompassing the Austin, Dallas-Fort Value, Houston and San Antonio metropolitan areas. The venture gives direct entry to Loop 110, in addition to easy accessibility to interstates 35 and 10, in addition to to Texas State Freeway 130. Union Pacific Railway, the BNSF Railway and San Marcos Regional Airport are close to, providing potential rail and transport capabilities.
San Marcos’ industrial pipeline
San Marcos had solely about 100,000 sq. ft of commercial area beneath development as of Could, based on CommercialEdge information. Nevertheless, its deliberate and potential initiatives pipeline amounted to greater than 3.6 million sq. ft.
One of many deliberate initiatives entails the development of a three-building industrial property set to complete 663,460 sq. ft. Ledo Capital Group and St. Clair Industrial Actual Property not too long ago acquired 45.7 acres for its growth.
One other important venture is a media park totaling 820,000 sq. ft, being developed by Hill Nation Group. Upon completion, the campus is anticipated to turn into the state’s largest digital manufacturing, TV, movie and streaming studio.
