By Anca Gagiuc
Southpark Commerce Center’s newest 351,171-square-foot speculative project broke ground in southeast Austin. Behind it is Ridge, the industrial development arm of Transwestern Development Co., which anticipates it will be delivered in the fourth quarter of 2017.
The three-building development is situated on 24.2 acres near Interstate 35 and State Highway 71, four miles from Austin International Airport and 75 miles from San Antonio. The industrial park has access to I-35 and convenience to State Highway 360 via the Ben White Highway/Highway 71.
The three Class A buildings are designed for multi-tenant use with the following features:
- The first building is a 73,832-square-foot service center with 24-foot clear height, 50-by-50-foot column spacing, 24 dock doors and 180 parking spaces.
- The second asset is a rear-load warehouse comprising 114,107 square feet. Features include 155-foot depth, 24-foot clear height, 50-by-50-foot column spacing, 34 dock doors and 163 parking spaces.
- The third property is a 162,232-square-foot rear-load warehouse with 180-foot depth, 24-foot clear height, 50-by-45-foot column spacing, 43 dock doors and 124 parking spaces.
Once it will be finalized, Southpark Commerce Center will total 2.3 million square feet. Ty Puckett and Josh Delk with Transwestern Development Co. led the development of the park’s existing 1.6 million-square-foot facilities, built on the former Barkley Family Farm. Major tenants include AT&T, Life Technologies Corp., Medline Industries, National Circuit Assembly, Sleep Experts and the Travis Association for the Blind, which has acquired the only remaining site at the park for a 350,000-square-foot, owner-occupied facility.
“Austin has consistently been a top performer nationally in terms of job growth, and the industrial market continues to show strong fundamentals,” Ben Newell, senior vice president at Ridge, said in prepared remarks. “Specifically, absorption in the city’s southeast submarket has significantly consisted of preleased space or users purchasing projects during construction. These compelling factors make us confident that now is an ideal time to begin a speculative project to meet future industrial demand.”
Image courtesy of Transwestern