Berry Creek Enterprise Park will comprise three industrial buildings. Picture courtesy of Transwestern Funding Group
A three way partnership between Fidelis Industrial and Transwestern Funding Group—appearing on behalf of a individually managed account—has acquired 56 acres in Georgetown, Texas, for the event of Berry Creek Enterprise Park, an industrial campus that’s anticipated to measure 520,571 sq. ft.
The property is zoned for mild industrial manufacturing and distribution use. Groundbreaking of the three-building undertaking is scheduled for January, with completion anticipated within the fourth quarter of subsequent yr.
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Northmarq’s Vice President Harry Hopson and Managing Director Warren Hitchcock organized the three way partnership. TIG’s Managing Administrators Carter Thurmond and Witt Westbrook, along with Vice President Nash Frisbie, will spearhead the leasing efforts.
Berry Creek Enterprise Park, up shut
Upon supply, Berry Creek will comprise three industrial services starting from 126,722 to 253,164 sq. ft. Constructing 1 and Constructing 2 may have rear-load capabilities and have 32-foot clear heights and a complete of 4 ramps, 60 dock-high loading doorways, 382 parking areas and 23 trailer stalls. Constructing 3 might be a cross-dock facility that’s anticipated to function 36-foot clear heights, 256 parking areas and 4 ramps, in addition to 40 dock doorways. Facilities are to incorporate a meals truck pavilion, a fitness-focused strolling path and outside stations.
The enterprise park will rise at 1761 N. Interstate 35 Frontage Highway, on the junction of Interstate 35 and Freeway 130. Downtown Austin is a few 27 miles away, whereas Austin-Bergstrom Worldwide Airport is inside 32 miles. The situation can also be lower than 1 mile away from a 435,714-square-foot industrial growth that was lately acquired by ZT Methods.
Austin’s rising industrial pipeline
Greater than 18.4 million sq. ft of business house had been underway in Austin as of December, in accordance with CommercialEdge info. The metro additionally has greater than 40.4 million sq. ft pertaining to deliberate and potential tasks.
One of many extra vital developments is Hines’ 683,344-square foot industrial campus in Northeast Austin. The four-building property is slated for completion by the tip of 2024.
In August, Greystar Actual Property Companions began building on the second and final section of a five-building industrial growth in San Marcos, Texas. At full buildout subsequent yr, the park will embody virtually 500,000 sq. ft.
