Austin, Texas – Ridge, the industrial development arm of Transwestern Development Co., today announces it has completed construction on a 351,171-square-foot, speculative industrial project in Southpark Commerce Center in southeast Austin, Texas. Transwestern’s Luke Wheeler and Nash Frisbie are leasing the three state-of-the-art buildings. Ben Newell, Senior Vice President at Ridge, led the development team.
“The project has received strong interest from a variety of businesses, and we are currently in negotiation with five potential tenants,” said Wheeler. “We look forward to continuing to work with Ridge on filling the remaining space.”
Located near Interstate 35 and State Highway 71, Southpark Commerce Center V is 4 miles from downtown Austin, 8 miles from Austin International Airport and 75 miles from San Antonio. The park offers immediate access to I-35 and convenience to State Highway 360 via the Ben White Highway/Highway 71.
Southpark Commerce Center will encompass 2.3 million square feet at final build-out. Ty Puckett and Josh Delk with Transwestern Development Co. led the development of the existing 1.6 million square feet 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-square-foot, owner-occupied facility.
“We are pleased to complete Southpark Commerce Center V, having finished construction on time and on budget,” said Newell. “This was a particularly exciting project to work on, given the history of the park.”
The three Class A buildings are designed for multitenant use.
· Building I: 73,832-square-foot service center featuring 24-foot clear height, 50-by-50-foot column spacing, 24 dock doors and 203 parking spaces. Building I is 47 percent pre-leased to Urban Air.
· Building 2: 114,107-square-foot, rear-load warehouse featuring 155-foot depth, 28-foot clear height, 50-by-50-foot column spacing, 34 dock doors and 170 parking spaces.
· Building 3: 162,232-square-foot, rear-load warehouse featuring 180-foot depth, 28-foot clear height, 50-by45-foot column spacing, 43 dock doors and 157 parking spaces.
Ridge, the industrial arm of Transwestern Development Co., is a leading provider of corporate real estate development and investment in state-of-the-art warehouse, distribution and manufacturing facilities throughout North America. Ridge’s principals have been involved in the development, construction, ownership and management of more than 125 million square feet of institutional-quality real estate and have an average 25 years of experience in the real estate industry. Ridge is based in Chicago, with regional offices across the U.S. in Atlanta, Dallas, Los Angeles, Houston and Harrisburg, Pennsylvania.
Transwestern is a privately held real estate firm of collaborative entrepreneurs whodeliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Tenant Advisory, Capital Markets, Asset Services and Research, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Based in Houston, Transwestern has 35 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern. For updates from the Austin office, follow @TranswesternATX.