{"id":1004551009,"date":"2021-09-20T08:12:41","date_gmt":"2021-09-20T16:12:41","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004551009"},"modified":"2022-12-08T11:59:34","modified_gmt":"2022-12-08T19:59:34","slug":"ta-realty-buys-austin-industrial-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ta-realty-buys-austin-industrial-park\/","title":{"rendered":"TA Realty Buys Austin Industrial Park"},"content":{"rendered":"
\"\"<\/a>

Harris Ridge Business Center – Building 5. Image courtesy of CBRE National Partners<\/p><\/div>\n

TA Realty has acquired Harris Ridge Business Center, a Class A+ business park totaling 387,838 square feet in Austin, Texas, from HPI Real Estate Services & Investments. CBRE National Partners represented the seller in the disposition of the fully leased asset.<\/p>\n

The industrial complex is within a Triple Freeport Zone, located at 1100 E. Howard Lane. The five-building property was built between 2008 and 2021. The current seller financed the development of the recently completed Building 6 with a $4.5 million construction loan funded by Southside Bank<\/span>, CommercialEdge data shows.<\/p>\n

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READ ALSO:<\/strong> Clarion Partners\u2019 Sunny View of Austin\u2019s Office Market<\/a><\/p>\n

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Harris Ridge Business Center features dock high as well as rear loading doors, clear heights between 24 and 32 feet, a large truck court and is equipped with an ESFR sprinkler system. The tenant list includes Intelligent Logistics, LSO\/Lone Star Overnight and Formaspace, among others.<\/p>\n

The industrial asset is less than 2 miles from Interstate 35, roughly 7 miles from Austin Executive Airport and State Highway 130. Samsung Austin Semiconductor is some 4 miles southeast of the property, with other notable tenants of the city\u2019s Northeast submarket, such as Dell Technologies and General Motors, less than 2 miles away.<\/p>\n

Growing demand for Austin industrial space<\/h2>\n

While several high-profile projects are fueling the rapid expansion of Austin<\/a>, including Tesla\u2019s Gigafactory and large Google and Apple bases, industrial demand is showing more than promising signs. Industrial is booming, and Sun Belt markets are a prime priority for many investors. Austin is the most coveted market in the U.S., followed by Dallas-Fort Worth, according to a recent CBRE investor survey.<\/p>\n

In March, Universal Technical Institute Inc. subleased a 100,000-squre-foot space<\/a> at another HPI-owned industrial campus, CM Tech Ridge. In August, Amazon inked a lease for a delivery station totaling 315,000 square feet at 10000 Decker Lane, less than 8 miles from Harris Ridge Business Center.<\/p>\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

CBRE National Partners facilitated the sale of the Class A+ complex.<\/p>\n","protected":false},"author":1763,"featured_media":1004551010,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21808,21748,21783,21742],"tags":[32789,40149,32822],"class_list":["post-1004551009","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-featured","category-industrial","category-investment","category-latest","tag-cbre","tag-hpi-real-estate-services-investments","tag-ta-realty"],"acf":[],"yoast_head":"\nTA Realty Buys Austin Industrial Park - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/ta-realty-buys-austin-industrial-park\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TA Realty Buys Austin Industrial Park\" \/>\n<meta property=\"og:description\" content=\"CBRE National Partners facilitated the sale of the Class A+ complex.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ta-realty-buys-austin-industrial-park\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-20T16:12:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T19:59:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/09\/HPI-Harris-Ridge-Building-5-e1632132146340.png\" \/>\n\t<meta property=\"og:image:width\" content=\"850\" \/>\n\t<meta property=\"og:image:height\" content=\"637\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Agota Felhazi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ta-realty-buys-austin-industrial-park\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/ta-realty-buys-austin-industrial-park\/\",\"name\":\"TA Realty Buys Austin Industrial Park - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ta-realty-buys-austin-industrial-park\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ta-realty-buys-austin-industrial-park\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/09\/HPI-Harris-Ridge-Building-5-e1632132146340.png\",\"datePublished\":\"2021-09-20T16:12:41+00:00\",\"dateModified\":\"2022-12-08T19:59:34+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/bd1ef74130b86a7c6013eaa04b08b28d\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ta-realty-buys-austin-industrial-park\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/ta-realty-buys-austin-industrial-park\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ta-realty-buys-austin-industrial-park\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/09\/HPI-Harris-Ridge-Building-5-e1632132146340.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/09\/HPI-Harris-Ridge-Building-5-e1632132146340.png\",\"width\":850,\"height\":637,\"caption\":\"Harris Ridge Business Center - Building 5. 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