Lovett Industrial, NewQuest Form JV for South Texas Project
The campus will occupy 2 million square feet at full build-out.
Lovett Industrial and NewQuest have formed a joint venture to develop Seguin Exchange Commerce Park, a 164-acre industrial campus in Seguin, Texas.
Upon full build-out, the park will include more than 2 million square feet of industrial and manufacturing space, with building sizes ranging from 30,000 square feet to 1.3 million square feet. The structures will offer speculative space as well as build-to-suit opportunities for advanced manufacturing, logistics, and high-power operations.
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Major infrastructure work is already underway at the site, including primary arterial roadways that will serve future building pads. Planned utility improvements are designed to support a broad range of industrial uses.
The project is part of NewQuest’s 544-acre Seguin Exchange, a mixed-use project that will include retail, restaurant, entertainment, hospitality, medical, multifamily and industrial uses. The shopping center anchoring the project will total more than 750,000 square feet.
The industrial development will be at the northwest corner of Interstate 10 and Texas State Highway 46.
Cavender & Hill Senior Vice President Ty Bragg, Vice President Lee Jordan and Associate Ford Douglass are leading the leasing effort for Seguin Exchange Commerce Park.
San Antonio sees manufacturing expansion
Seguin is a northwest exurb of San Antonio with a growing manufacturing base. Earlier in July, H-One Co. Ltd. decided to expand its North American subsidiary KTH Texas, a specialist in high-performance automotive structural components, into Seguin.
The company has acquired 40 acres of land along the highway F.M. 78, near the northwest corner of IH-10 and Highway 46, where it will construct a 300,000-square-foot manufacturing facility.
Manufacturing development is also expanding closer to San Antonio. In May, Toyota filed an application at the Texas Comptroller’s office to expand its San Antonio manufacturing plant, representing a $2 billion development. Estimated completion is set for 2029.
Another major manufacturing development in San Antonio is JCB’s $500 million project. The construction equipment maker broke ground on a 720,000-square-foot plant in 2024, with completion slated for this fall.
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