{"id":1004707616,"date":"2024-03-28T03:31:31","date_gmt":"2024-03-28T11:31:31","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004707616"},"modified":"2024-03-28T06:31:16","modified_gmt":"2024-03-28T14:31:16","slug":"titan-development-to-build-1-3-msf-austin-area-industrial-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/titan-development-to-build-1-3-msf-austin-area-industrial-campus\/","title":{"rendered":"Titan Development to Build 1.3 MSF Austin-Area Industrial Campus"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a132422427be&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"4458\" height=\"3341\" data-attachment-id=\"1004708058\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/titan-development-to-build-1-3-msf-austin-area-industrial-campus\/leander_rendering\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/Leander_Rendering-e1711622329551.jpg\" data-orig-size=\"4458,3341\" 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;1&quot;}\" data-image-title=\"Leander_Rendering\" data-image-description=\"&lt;p&gt;Rendering of the Leander 183 Commerce Center &lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Rendering of Leander 183 Commerce Center. Image courtesy of Titan Development&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/Leander_Rendering-e1711622329551.jpg?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/Leander_Rendering-e1711622329551.jpg\" alt=\"Rendering of Leander 183 Commerce Center\" class=\"wp-image-1004708058\" style=\"width:399px\"\/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Rendering of Leander 183 Commerce Center, expected to break ground in late 2024. <em>Image courtesy of Titan Development<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Titan Development has received city approvals for the development of Leander 183 Commerce Center. Plans call for a Class A, 115-acre industrial campus encompassing as much as 1.3 million square feet of space in Leander, Texas. <\/p>\n\n\n\n<p>A Titan spokesperson told <em>Commercial Property Executive <\/em>that the company expects to start construction in the third quarter of this year. The $84 million project will be built in three phases, with final buildout scheduled for 2036.<\/p>\n\n\n\n<p>Leander City Council\u2019s approvals also include up to $3.5 million in tax incentives. In the upcoming 10 years after the development\u2019s completion, local authorities expect as much as $18.5 billion in tax and utility revenues for the city.<\/p>\n\n\n\n<p>Leander 183 Commerce Center\u2019s three development phases will bring:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>200,000 square feet of space during Phase I, with $24 million invested by 2029<\/li>\n\n\n\n<li>400,000 square feet of space during Phase II, with $48 million by 2032<\/li>\n\n\n\n<li>700,000 square feet of space during Phase III, with a total of $84 million by 2035<\/li>\n<\/ul>\n\n\n\n<p>The business park will rise at the northeast corner of Hero Way and County Road 270, where it will provide easy access to the region. It will be 12 miles from Georgetown, Texas, 30 miles from Austin and within 32 miles of Austin-Bergstrom International Airport.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-growing-austin-s-industrial-sector\">Growing Austin&#8217;s industrial sector<\/h2>\n\n\n\n<p>Leander City Council also approved the annexation and rezoning request for the project in October last year, according to the <em>Austin Business Journal<\/em>. The same source reveals that Titan Development worked for two years to find a suitable location that can benefit from targeting manufacturing, distribution and warehousing users.<\/p>\n\n\n\n<p>Since the start of 2024, multiple other industrial projects were announced across metro Austin. Patrinely and Realterm commenced <a href=\"https:\/\/www.commercialsearch.com\/news\/patrinely-realterm-break-ground-on-austin-industrial-campus\/\">construction on Airfield 130<\/a>, a 439,300-square-foot development. The four-building Class A project will be completed in early 2025.<\/p>\n\n\n\n<p>In late 2023, another joint venture revealed its <a href=\"https:\/\/www.commercialsearch.com\/news\/fidelis-transwestern-eye-austin-area-industrial-campus\/\">plans to build a 520,571-square-foot project<\/a> in Georgetown. Fidelis Industrial and Transwestern Investment Group purchased a 56-acre lot for the development of Berry Creek Business Park, with completion scheduled for late 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Leander 183 Commerce Center will be developed in three phases.<\/p>\n","protected":false},"author":2991,"featured_media":1004708058,"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":[33961],"class_list":["post-1004707616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-development","category-industrial","category-latest","category-southwest","tag-titan-development"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Titan Development to Build 1.3 MSF Austin-Area Industrial Campus - 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