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Spec Development: Transwestern’s Ridge Unit Starts 350,000 SF in Southeast Austin

Southpark Commerce Center in Austin.

AUSTIN – Ridge, the industrial development arm of Transwestern Development, has broken ground on a 350,000-SF speculative industrial project in southeast Austin.

The three building complex, slated to be complete in late 2017, will be located near Interstate 35 and State Highway 71 in the Southpark Commerce Center.

Southpark Commerce Center, located four miles from downtown Austin and 75 miles from San Antonio, will have 2.3 million SF of space upon completion.

Ty Puckett and Josh Delk with Transwestern Development Co. led the development of the existing 1.6 million SF at the park, which was formerly the Barkley Family Farm. Notable tenants include AT&T, Life Technologies Corp., Medline Industries, National Circuit Assembly, Sleep Experts and the Travis Association for the Blind, which has acquired the only remaining site at the park for a 350,000-SF, owner-occupied facility.

“Austin has consistently been a top performer nationally in terms of job growth, and the industrial market continues to show strong fundamentals,” said Ben Newell, Senior Vice President at Ridge. “Specifically, absorption in the city’s Southeast submarket has significantly consisted of preleased space or users purchasing projects during construction. These compelling factors make us confident that now is an ideal time to begin a speculative project to meet future industrial demand.”

June 5, 2017 Realty News Report Copyright 2017

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