Patrinely, Realterm Break Ground on Austin Industrial Campus
Patrinely and Realterm have broken ground on a 439,300-square-foot industrial project in Austin, Texas. Built on a speculative basis, the Class A development will total four buildings.
Called Airfield 130, the project is being constructed on a 34.5-acre site in the southeast Austin airport submarket. Buildings will range from 75,000 square feet to 150,000 square feet.
“The largest driver of Realterm’s interest in the project was the strategic in-fill nature of the location with immediate access to key transportation nodes such as Highway 130, providing potential users with best-in-class access to the Austin CBD, Tesla Gigafactory and the growing Austin suburbs,” Glenn High, vice president of Fund & Asset Management at Realterm told Commercial Property Executive. “Additionally, several of our buildings will be differentiated from the rest of the Austin industrial stock due to their on-site trailer parking.”
The project site is some 6.5 miles from the intersection of State Highways 130 and 71, providing access east and west throughout the Austin area. Interstate 35 is approximately 45 miles north of Airfield 130, providing access through Waco and the Dallas-Fort Worth areas.
Located near SH 130 and McAngus Road, Airfield 130 is about 12 miles from downtown Austin. The Austin-Bergstrom International Airport is within 7 miles from the site.
According to CommercialEdge data, building one will be 124,320 square feet, building two will be 149,280 square feet, building three will be 90,950 square feet and building four will total 74,800 square feet. Each asset is anticipated to include 32-foot clear heights, 129 dock-high doors and 190-foot truck court depths.
The development is scheduled for completion in the first quarter of 2025. Catamount Constructors is the project’s general contractor. KBC Advisors’ Mo Green, Trey Blasingame and Will Bost will head up leasing under the direction of Dennis Tarro of Patrinely.
Austin industrial activity
Considering the increased trade with Mexico, the Texas region has become a national leader for industrial development, CommercialEdge data shows. Specifically, Austin came in fifth nationwide for new industrial construction starts in 2023, outranked by other Texas markets such as Dallas-Fort Worth and Houston.
Late last year, Fidelis Industrial and Transwestern Investment Group acquired 56 acres in the Austin area. The joint venture plans to build an industrial campus totaling 520,571 square feet. The project is expected to come online in the fourth quarter of this year.
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