A three way partnership between United Properties and PCCP has bought Buda Halfway Section 1, a Class A, 474,465-square-foot industrial park in Buda, Texas. The three-building complicated was topic to a building mortgage originated in 2021, totaling $27.6 million, from Wells Fargo Financial institution, CommercialEdge information reveals.
Section 2 of the mission will embrace 4 industrial buildings, totaling roughly 390,000 sq. ft, with the primary facility set for completion in spring 2023.
Section 1 got here on-line this yr. The 35.3-acre campus contains rear-load and one cross-dock buildings, two of that are 115,090 sq. ft every and supply 30-32-foot clear heights, together with a 244,285-square-foot facility. The most important property, sitting on 19 acres, affords 36-foot clear heights and is designed to attain LEED certification. The complicated affords 138 dock doorways, 60 trailer parking spots and 678 parking areas. Section I is totally leased to Sherri Hill, 4 Fingers and CED Greentech, the latter having preleased 38,840 sq. ft virtually a yr in the past.
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Positioned at 1795 Hearth Cracker Drive, the property is 15 miles from Austin and sits close to the intersection of Interstate 35 and State Freeway 45, providing entry to Austin, San Antonio and Dallas-Fort Value. Austin-Bergstrom Worldwide Airport is 16.5 miles away. Different warehouses within the space home corporations together with US Meals and Amazon.
The JLL Capital Markets crew representing the vendor included Senior Managing Administrators Trent Agnew and Dustin Volz, Director Dom Espinosa, Affiliate Josh Villarreal and Analyst Megan Babovec.
Austin’s industrial growth hub
Austin’s industrial market is constant to broaden, with new tasks repeatedly added to the availability pipeline. Improvement is very concentrated within the Georgetown suburb, with three new amenities which can be anticipated to return on-line by the top of this yr and in 2023.
Titan Improvement broke floor in April, including 297,057 sq. ft to the NorthPark35 industrial campus. In March, Wells Fargo Financial institution originated a building mortgage for Stonelake Capital Companions, which began building in Might on Georgetown Logistics Park, a fancy totaling 620,000 sq. ft. A current addition to this Austin suburb befell on the finish of final month, when Molto Properties broke floor on Blue Springs Enterprise Park, a 604,064-square-foot industrial park, simply off Interstate 35.
Titan Improvement additionally acquired a 188-acre web site in Hutto, Texas, to develop a serious mission. An industrial park totaling virtually 2.6 million sq. ft will rise alongside Freeway 79, close to the $17 billion Samsung semiconductor plant.
