{"id":1004556796,"date":"2021-11-04T05:03:55","date_gmt":"2021-11-04T13:03:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004556796"},"modified":"2022-12-08T13:25:10","modified_gmt":"2022-12-08T21:25:10","slug":"titan-development-kicks-off-114-acre-project-north-of-austin","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/titan-development-kicks-off-114-acre-project-north-of-austin\/","title":{"rendered":"Titan Development Kicks Off 114-Acre Austin Project"},"content":{"rendered":"
\"\"<\/a>

Austin. Image by MJ Tangonan via Unsplash<\/p><\/div>\n

Titan Development and Georgetown have announced the ground breaking of Gateway35 Commerce Center, a two-phase industrial development spanning 114 acres in Georgetown, Texas.<\/p>\n

Slated for completion by June 2022, the first building will include a total of 294,297 square feet of Class A speculative space. The second phase will offer two build-to-suit facilities for industrial distribution and manufacturing companies.<\/p>\n

Titan Development acquired the vacant land in March 2021, according to Williamson County records, and will finance the construction through the $95 million Titan Development Real Estate Fund II. The private equity fund targets industrial and multifamily projects across Texas, New Mexico, Colorado as well as Arizona.<\/p>\n

The company also secured a $17.6 million construction loan, originated by BOK Financial, for the first phase of the project, public records show.<\/p>\n

Taking shape at 2550 N. Interstate 35 Frontage Road, the building will feature a cross-dock configuration, a 36-foot clear height, two 185-foot truck courts, 64 dock doors, four drive-in ramps along with 94 trailer parking and 220 car parking spaces. The first building will also be equipped with an ESFR sprinkler system, flexible footprints and a 3,000-amp power supply.<\/p>\n

Gateway35 Commerce Center will also bring the construction of a new access road, connecting to both Interstate 35 and State Highway 130. The industrial park is within 2 miles of Georgetown Municipal Airport and some 30 miles north of downtown Austin.<\/p>\n

Expanding workforce<\/h2>\n

As highly dynamic demographic trends continue to benefit Greater Austin, Georgetown is among the fastest-growing cities nationwide, with a potential workforce of around 700,000, said Joe Iannacone, senior vice president at Titan Development, in a prepared statement. Austin MSA unemployment continued to contract, dropping 30 basis points month-over-month and reaching a tight 3.5 percent in September, according to preliminary BLS data.<\/p>\n

Despite supply chain issues, logistics real estate remains competitive<\/a>. As of the third quarter, there was more than 4.4 million square feet of industrial space under construction across Greater Austin, CBRE data shows.<\/p>\n\n\n

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

The first phase is slated for mid-2022 completion.<\/p>\n","protected":false},"author":1763,"featured_media":1004556797,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21782,21748,21742],"tags":[49396,32789,33961],"class_list":["post-1004556796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-development","category-industrial","category-latest","tag-bok-financial","tag-cbre","tag-titan-development"],"acf":[],"yoast_head":"\nTitan Development Kicks Off 114-Acre Austin Project - 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\/titan-development-kicks-off-114-acre-project-north-of-austin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Titan Development Kicks Off 114-Acre Austin Project\" \/>\n<meta property=\"og:description\" content=\"The first phase is slated for mid-2022 completion.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/titan-development-kicks-off-114-acre-project-north-of-austin\/\" \/>\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=\"2021-11-04T13:03:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T21:25:10+00:00\" \/>\n<meta name=\"author\" content=\"Agota Felhazi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/11\/mj-tangonan-wKfTNWaDYgs-unsplash-e1636020269980.jpg\" \/>\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\/titan-development-kicks-off-114-acre-project-north-of-austin\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/titan-development-kicks-off-114-acre-project-north-of-austin\/\",\"name\":\"Titan Development Kicks Off 114-Acre Austin Project - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/titan-development-kicks-off-114-acre-project-north-of-austin\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/titan-development-kicks-off-114-acre-project-north-of-austin\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/11\/mj-tangonan-wKfTNWaDYgs-unsplash-e1636020269980.jpg\",\"datePublished\":\"2021-11-04T13:03:55+00:00\",\"dateModified\":\"2022-12-08T21:25:10+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/bd1ef74130b86a7c6013eaa04b08b28d\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/titan-development-kicks-off-114-acre-project-north-of-austin\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/titan-development-kicks-off-114-acre-project-north-of-austin\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/titan-development-kicks-off-114-acre-project-north-of-austin\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/11\/mj-tangonan-wKfTNWaDYgs-unsplash-e1636020269980.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/11\/mj-tangonan-wKfTNWaDYgs-unsplash-e1636020269980.jpg\",\"width\":1508,\"height\":1131,\"caption\":\"Austin. 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