Rendering of project, courtesy of Patrinely
Austin, Texas (January 29, 2024) – Patrinely and Realterm announce the groundbreaking for a 439,300-square-foot speculative industrial project consisting of four Class A buildings located near State Highway 130 and McAngus Road in Austin, Texas.
“We are pleased to announce this significant milestone and our partnership with Realterm as we expand our footprint in Central Texas,” said Noam Newman, Patrinely’s Vice President, Industrial Development. “We believe this site presents a unique opportunity to quickly develop a best-in-class industrial product for the high-demand logistics market in the Southeast Austin airport submarket.”
Patrinely will market the project as Airfield 130. Encompassing 34.50 acres, the four rear-load buildings, spanning from 75,000-square-feet to 150,000-square-feet, will each feature 32′ clear heights and 190′ truck court depths and together offer 129 total dock-high doors. These features cater to industrial and logistics tenants that require access to regular shipments and arterial transportation options.
With a strategic location in Southeast Austin, these best-in-class buildings provide highly visible tollway frontage access. Approximately 6.5 miles north of the site is the SH 130 and SH 71 intersection, providing users with an efficient way to travel east and west in the metro area. Additionally, 45 miles north of the site is where SH 130 merges with Interstate-35, allowing users to continue traveling north through Waco and into Dallas/Fort Worth.
“Realterm is thrilled to partner with Patrinely, which has a strong track record of developing distinguished Class A projects in Texas and major markets across the country,” said Ed Brickley, Managing Director and Senior Fund Manager for Realterm. “Austin continues to experience tremendous population, job and e-commerce growth and is a manufacturing base for many large companies. We look forward to jointly delivering this project in a market with strong demand for industrial properties.”
The project is slated for completion in Q1 of 2025. KBC Advisors, led by Mo Green, Trey Blasingame and Will Bost will handle the leasing under the direction of Dennis Tarro of Patrinely. Catamount Constructors is the general contractor.
Patrinely is a national real estate firm with a proven 40-year track record specializing in investment, development, leasing and management of large-scale real estate assets in major markets. Patrinely provides value to its corporate end-users and investment partners while focusing on the following asset classes: office, multifamily, industrial, and hyperscale data centers, through its Corscale affiliate. Based in Houston, Patrinely has a national footprint with eight offices and has $20 billion in projects. Visit www.patrinely.com.
Realterm is an independent global investment manager focused on the transportation industry. We acquire, develop, finance and manage differentiated real estate and infrastructure assets serving land, air, sea and rail networks across the world. Realterm currently manages over $11 billion in assets.