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Dogwood Industrial Properties Buys New 152k sf Class A Industrial Asset

2/17/21

Dogwood Industrial Properties purchased a brand-new, 152.2k sf Class A industrial asset in Hutto, TX. The building, located at 1150 New Technology Blvd, is within Innovation Business Park III, a six-building development from Titan Development.

Dogwood, a platform backed by TPG Real Estate Partners, acquired the property from Titan Development, the building’s developer. Terms of the transaction were not disclosed.

The building was delivered in Q4 2020 in shell condition and is ready for tenant improvements. The property is 62% leased to EDC Moving Systems with 58.3k sf still available for lease.

“We are seeing sustained and rapid industrial growth along the I-35 corridor which signals that Austin’s industrial real estate story is just getting started,” said Joe Iannacone, Vice President of Development for Titan Development. “With major companies announcing acquisitions in Austin almost daily, we expect larger market shifts towards e-commerce, and domestic manufacturing will continue to drive increased demand for Class A industrial product in Hutto, and other nearby industrial parks.”

Omar Nasser, Blake Patterson and Leigh Ellis, SIOR, of AQUILA Commercial represented both parties in the transaction.

Hutto, TX. Pic from City of Hutto
Hutto, TX. Pic from City of Hutto
“Hutto is an emerging business community that’s a great fit for industrial tenants of all types. The location along 130 allows for easy distribution to major Texas cities including Dallas, Houston and San Antonio,” noted Nasser. “Companies can also access the growing talent pool in the broader Austin area, as well as affordable housing options for employees.”






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