Logistics Property Co. is entering Austin, Texas, with the development of a two-building industrial park. Groundbreaking on the more than 400,000-square-foot project is scheduled for this quarter, with completion expected in the second quarter of next year. AQUILA Commercial will handle leasing the campus.
The industrial park will rise on more than 31 acres at 12821 Titanium St. The location is in the Northeast Austin submarket, close to highways 130 and 290. Downtown Austin is within 16 miles of the property, while Austin-Bergstrom International Airport is some 18 miles away.
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Set to encompass nearly 175,000 square feet, Building 1 will be a rear-load warehouse with 32-foot clear heights, 36 dock-high loading doors, two ramps and eight levelers, as well as a 60- by 52-foot column spacing. Additionally, the development will have a 2,500-square-foot speculative office space, a 210-foot truck court and 361 car parking spaces.
Building 2 will be a 233,000-square-foot cross-dock facility with 36-foot clear heights, 185-foot truck court, 72 dock-high loading doors, four ramps and 16 levelers. The distribution center will also feature 196 parking spots, 48 trailer stalls and a 3,000-square-foot speculative office space.
AQUILA Commercial Senior Vice President Blake Patterson and Principal Omar Nasser will conduct the leasing efforts at the property. Last year, the duo was also tapped to lease a four-building industrial center that is expected to come online in the fourth quarter of this year. That development is coming online some 6 miles from 12821 Titanium St.
Austin’s industrial inventory is growing
Austin’s industrial sector saw 3.1 million square feet of completions in the first quarter of this year, according to a CBRE industrial report. Meanwhile, more than 16 million square feet were under construction.
Last month, Titan Development received city approvals for the construction of Leander 183 Commerce Center, an industrial campus that will measure up to 1.3 million square feet. The 115-acre development will be built in three phases, with completion scheduled in 2036.
In January, Patrinely and Realterm broke ground on Airfield 130, a 439,300-square-foot project. Upon full buildout, the campus will include four buildings ranging from 75,000 to 150,000 square feet.
