Real Estate

Stream Realty Partners is launching the Buda Commerce Center, a 986,475-square-foot industrial project comprising five buildings on 70 acres. The building will feature 32- to 36-foot clear heights and dock-high loading doors, with four of the structures being rear-load and the fifth being cross-dock. Construction is set to kick off in the fourth quarter of 2022, with an estimated completion date of late 2023. This news comes from the Texas Quarterly Commercial Report, which provides commercial real estate information for the Austin-Round Rock area.

Freehill Development Co. recently began construction on a 176,546-square-foot industrial complex located at 1310 Westinghouse Rd. in Georgetown, TX. This four-building property will feature office, showroom, and warehouse spaces ranging in size from 4,500 to 55,750 square feet. The complex will feature ESFR sprinklers, 18- to 28-foot clear heights, 290 parking spots, and 48 dock-high doors. Studio8 Architects provided the design for the project, with Owrey Construction serving as the general contractor. Transwestern will be responsible for leasing the property when it is completed.

Jackson-Shaw recently announced their acquisition of 67 acres at the intersection of SH 130 and Elroy Rd., with plans to develop a four-building, 602,400-square-foot industrial project. Ferguson Enterprises will be the pre-leasee of the largest building, which will take up 207,180 square feet. The smallest building will be 80,365 square feet. Method Architecture will be responsible for the design and Burton Construction will serve as the general contractor. Aquila Commercial will handle the leasing. Construction is scheduled to begin in March. This news is confirmed by the Texas Real Estate Research Center’s Quarterly Commercial Report, which also highlights other industrial news for the Austin-Round Rock area.

Recently, Franklin Park, a 76-unit assisted living and memory care community located at 4155 Teravista Club Dr. in Round Rock, has been sold. Representing the seller, a partnership between Franklin Park Senior Living and an institutional investor, was Cushman & Wakefield. The buyer was Inspired Healthcare Capital. For those interested in further information about senior living news in the Austin area, there are numerous resources available.