{"id":1004657347,"date":"2023-04-14T12:27:43","date_gmt":"2023-04-14T20:27:43","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004657347"},"modified":"2023-04-19T01:57:11","modified_gmt":"2023-04-19T09:57:11","slug":"ledo-capital-jv-to-develop-austin-area-industrial-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ledo-capital-jv-to-develop-austin-area-industrial-park\/","title":{"rendered":"Ledo Capital JV to Develop Austin-Area Industrial Park"},"content":{"rendered":"<div id=\"attachment_1004657348\" style=\"width: 310px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004657348\" data-attachment-id=\"1004657348\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/ledo-capital-jv-to-develop-austin-area-industrial-park\/san-marcos-business-park-rendering-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/San-Marcos-Business-Park-Rendering-2-e1681421132866.png\" data-orig-size=\"3047,2342\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"San Marcos Business Park.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;San Marcos Business Park. Rendering courtesy of Stream Realty partners.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/San-Marcos-Business-Park-Rendering-2-e1681421132866.png?w=1024\" class=\"size-medium wp-image-1004657348\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/San-Marcos-Business-Park-Rendering-2-e1681421132866.png?w=300\" alt=\"\" width=\"300\" height=\"231\"><p id=\"caption-attachment-1004657348\" class=\"wp-caption-text\">San Marcos Business Park. <em>Rendering courtesy of Stream Realty Partners<\/em><\/p><\/div>\n<p><strong>Ledo Capital Group<\/strong> and its joint venture partner <strong>St. Clair Commercial Real Estate&nbsp;<\/strong>have acquired 45.67 acres of industrial-zoned land in the Whisper South master-planned area of San Marcos, Texas.<\/p>\n<p>At the site, the developers are planning the construction of San Marcos Business Park, a three-building industrial park totaling 663,460 square feet. The partners purchased the lot in a transaction brokered by <strong>Stream Realty Partners<\/strong>. The project will break ground in the fourth quarter of this year.<\/p>\n<h2>Project details<\/h2>\n<p>For the construction of the San Marcos Business Park, the developers are working with <strong>ARCO\/Murray Design Build<\/strong>, which will provide architectural and contracting services. <strong>Kimley-Horn<\/strong> will assist with the project\u2019s civil engineering. Upon completion, Stream will also market the facilities for ownership, leasing or build-to-suit uses.<\/p>\n<hr>\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial-subleasing-strategies\/\"><span class=\"fl-heading-text\">Industrial Subleasing Strategies<\/span><\/a><\/p>\n<hr>\n<p>At full build-out, the San Marcos Business Park will consist of three distinct facilities. All three assets will have rear-load capabilities, 32- to 36-foot clear heights and ESFR fire sprinkler systems. The buildings will share secured truck court that includes space for outdoor and trailer storage, as well as heavy parking.<\/p>\n<p>The properties\u2019 specifics:<\/p>\n<ul>\n<li>Building A is a 204,460-square-foot, multi-tenant capable facility that directly faces Interstate 35<\/li>\n<li>Building B is an 84,000-square-foot free-standing building<\/li>\n<li>Building C, the largest in the park, is a 375,000-square-foot property with multi-tenant divisibility<\/li>\n<\/ul>\n<p>With direct access to the Interstate-35, the Texas industrial campus will be located between Austin and San Antonio, 27 miles from the former and 45 miles from the latter. Additionally, the facility is within a day\u2019s drive of Houston and Dallas.<\/p>\n<p>Stream Realty Partners Senior Vice Presidents Kevin Cosgrove and Payton Rion brokered the transaction. Cosgrove, alongside Senior Vice President Adam Green will market the facility. Paul Wagner, a principal at ARCO\/Murray Design Build, will oversee the project\u2019s planning.<\/p>\n<h2>Austin&#8217;s strong industrial market<\/h2>\n<p>After its construction finishes, the site will be the latest installment in the Whisper South master-planned development. In June of 2022, Greystar broke ground on the second building of <a href=\"https:\/\/www.commercialsearch.com\/news\/greystar-expands-austin-area-project\/\">Whisper 35<\/a>, a five-building, 500,000-square-foot project.<\/p>\n<p>Greater Austin\u2019s industrial market is off the heels of another record-setting year, with 11.6 million square feet of space in its pipeline, and 1.3 million square feet of positive net absorption, according to data from a <a href=\"https:\/\/www.cbre.com\/insights\/figures\/austin-industrial-market-figures-q4-2022\" target=\"_blank\" rel=\"noopener\">fourth quarter 2022 report<\/a> from <strong>CBRE<\/strong>. The flurry of investment, leasing and development activity is due in part to a large-scale manufacturing interest taking place around the city, particularly for <a href=\"https:\/\/www.commercialsearch.com\/news\/semiconductor-boom-continues-to-boost-cre\/\">semiconductors<\/a> and <a href=\"https:\/\/www.commercialsearch.com\/news\/tesla-plans-manufacturing-facility-next-to-giga-texas\/\">electric vehicles<\/a>, as well as corporate relocations.<\/p>\n<p>In February, Freehill Development Co. broke ground on a 176,546 square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/freehill-development-kicks-off-north-austin-project\/\">industrial complex in Georgetown, Texas<\/a>. The company has an additional 1.1 million square feet of space under construction in central Texas, including in San Marcos.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>San Marcos Business Park will rise at the site of a master-planned development.<\/p>\n","protected":false},"author":3012,"featured_media":1004657348,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21782,21748,21742,51973],"tags":[51979,36286,38241,38240,33358],"class_list":["post-1004657347","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-development","category-industrial","category-latest","category-southwest","tag-arco-murray-design-build","tag-kimley-horn","tag-ledo-capital-group","tag-st-clair-commercial-real-estate","tag-stream-realty-partners"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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