Molto Properties Kicks Off Austin-Area Project
Blue Springs Business Park marks the company’s first logistics development in Central Texas.
Molto Properties has broken ground on Blue Springs Business Park, a three-building speculative industrial complex totaling 604,064 square feet in Georgetown, Texas. The developer expects to deliver its first logistics project in Central Texas in the second quarter of 2023.
Adjacent to the Citigroup Data Center, just off Interstate 35, the business park will take shape on 43 acres at 610 Blue Springs Blvd. Blue Springs Business Park can accommodate tenants seeking 20,000 square feet to 604,064 square feet and will include:
- Building 1 totaling 124,914 square feet with a 32-foot clear height
- The 310,366-square-foot Building 2 with a 36-foot clear height
- Building 3 encompassing 168,784 square feet with a 32-foot clear height
The two smaller structures have a rear-load configuration, while the largest of the three has a cross-dock design. Equipped with an ESFR sprinkler system, Blue Springs Business Park features a total of 170 dock high doors, six grade level ramps along with 90 trailer parking spaces and 580 car parking spaces.
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The development team includes Seeberger Architecture and Langan Engineers heading the design as well as Burton Construction serving as the general contractor. Molto Properties selected Transwestern to market the Class A business park. The leasing team includes Vice President Carter Thurmond and Senior Associate Nash Frisbie.
The industrial complex will be within 5 miles of Texas State Highway 130, with several points of ingress and egress along Blue Springs Boulevard and Southeast Inner Loop. Blue Springs Business Park will be some 25 miles north of downtown Austin, and 31 miles away from Austin-Bergstrom International Airport.
The industrial pipeline of Georgetown
Within a 5-mile radius of Blue Springs Business Park, there are two other industrial projects underway, according to CommercialEdge. The 449,600-square-foot Portman Longhorn Junction developed by Portman Holdings and Westinghouse35, totaling 230,000 square feet and owned by Stonemont Financial Group. Both properties are anticipated to come online in 2023.
As of August, 16 industrial projects totaling 3.6 million square feet were under construction across the Austin suburb. The pipeline also included 18 developments encompassing 6.8 million square feet in the planning and permitting stages.
In May, Stonelake Capital Partners began construction on Georgetown Logistics Park. The three-building industrial complex totaling 620,000 square feet will take shape at 1800 Aviation Drive, with completion scheduled for early 2023. Meanwhile, Titan Development continues to add to NorthPark35 Industrial Park. At full buildout, the campus will offer more than 1.7 million square feet of Class A industrial space.