As Austin’s growth trajectory continues to impress investors nationwide, the city’s industrial real estate segment is growing significantly. A recent big player to spotlight Austin’s potential is the New York-based Brookfield Properties, which has initiated its first-ever projects in the city. With a total investment of $90 million, the company hopes to tap into Austin’s flourishing industrial sector and fuel the city’s economic development.
Getting underway is the Tuscany Crossing Business Park, a prime development located at 8501 Wall St in the Walnut Creek industrial area. Strategically situated near US 183 and US 290, about two miles east of I-35, the site promises smooth logistics and traffic flow. It will consist of four buildings, spreading across 329,627 square feet, and is due for completion in June 2024.
Meanwhile, the Northgate 35 Logistics Center will take shape in Pflugerville. Positioned at the northbound I-35 frontage road, north of Grand Avenue Pkwy and less than a mile south of SH 45, the location offers tremendous connectivity to key Texas thoroughfares. It will include a 145,454-square foot building and a 3,303-square foot office suite. The project is set to wrap up in April 2024.
These two industrial establishments are a powerful testament to Austin’s appeal as a nerve center of business growth and economic vitality. With these developments, Austin continues to strengthen its stature as a pivotal hub for investments in the state and beyond. [Original article here](https://www.recenter.tamu.edu/news/newstalk-texas/?Item=30011)