Rendering of Selma 3. Picture courtesy of Robinson Weeks Companions
Robinson Weeks Companions and Titan Improvement have damaged floor on Selma 3, the third constructing with the 185-acre Titan Industrial Park in Selma, Texas.
The 429,633-square-foot constructing, anticipated to be accomplished within the third quarter of 2023, acquired $5 million in development financing from BOK Monetary, CommercialEdge information exhibits.
The partnership broke floor on the commercial park’s Selma 2 constructing in 2021. The 305,760-square-foot facility opened in July of this yr. Two tenants have not too long ago signed leasing agreements at Selma 2: Made in Cookware, which is able to occupy 70,000 sq. toes; in addition to Berlin Packaging, which is able to occupy 120,000 sq. toes. Selma 2 nonetheless has about 115,000 sq. toes of accessible house.
Accomplice John Colglazier Jr. of NAI Companions represented the homeowners in each transactions. Made in Cookware was represented by Colliers Worldwide’s Senior Vice President Travis Hick and Vice President Chase Clancy, whereas Cushman & Wakefield’s Managing Director Andy Heyman and Director Alex Brody labored on behalf of Berlin Packaging.
San Antonio’s industrial sector
Selma 3 is positioned at 17654 Ben E. Keith Method. The speculative industrial property will provide clerestory home windows, 36-foot clear peak, 4 drive-in ramps, 98 dock doorways, 232 parking spots and 119 trailer parking spots. The brand new facility is deliberate to accommodate all kinds of 3PL and e-commerce customers. The economic mission is located on a 25-acre lot, near Interstate 35, 15 miles from San Antonio Worldwide Airport and inside 19 miles of San Antonio.
In accordance with current CommercialEdge information, Texas stays the Southwest’s largest hub for industrial development, with San Antonio inserting fifth among the many state’s main markets, with practically 4 million sq. toes underneath development, representing 3.4 p.c of complete inventory as of June. One of many market’s greatest initiatives underneath development is VanTrust Actual Property’s Cornerstone Commerce Heart, a two-building industrial mission deliberate to convey practically 1 million sq. toes of house within the space.
