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12/22/23
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Transwestern Investment Group (TIG®) and Fidelis Industrial have acquired 56 acres in Georgetown, TX for the development of Berry Creek Business Park, a 520.6k sf industrial project. The three-building asset is scheduled to deliver in the fourth quarter of 2024.
“Austin’s industrial real estate market is flourishing, and the Far North is one of the most popular submarkets for manufacturers and other industrial users due to its convenient location and skilled workforce,” said Mike McKenzie, Director of Acquisitions at TIG. “This sizable project allows us to deliver quality space in an area that continues to see population growth at an accelerated rate.”
Berry Creek Business Park is situated at the intersection of Interstate 35 and U.S. Highway 130, two major thoroughfares in Central Texas with accessibility to 20 million residents within a 3-hour drive.
"Georgetown is the fastest growing city of its size in the U.S. and offers a high quality of life,” said Kevin O'Neil, President of Fidelis Industrial. “This development will complement the community by delivering a park environment with many tenant amenities alongside attractive, high-quality buildings.”
Zoned for light industrial manufacturing and distribution use, Berry Creek consists of two rear-load buildings ranging from 126.7k sf to 140.7k sf with 32-foot clear heights, and one cross-dock building that will sit at 253.2k sf and offer a 36-foot clear height. The portfolio can accommodate an array of tenant requirements from 42k sf up to 253k sf.
Warren Hitchcock and Buddy Hopson of Northmarq arranged the venture between TIG and Fidelis. The property will be leased by Carter Thurmond, Witt Westbrook and Nash Frisbie of Transwestern.
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