Patrinely and Realterm break ground on speculative industrial project in Austin

Patrinely and Realterm announce the groundbreaking for a 439,300-square-foot speculative industrial project consisting of four Class A buildings located near State Highway 130 and McAngus Road in Austin, Texas.

“We are pleased to announce this significant milestone and our partnership with Realterm as we expand our footprint in Central Texas,” said Noam Newman, Patrinely’s Vice President, Industrial Development. “We believe this site presents a unique opportunity to quickly develop a best-in-class industrial product for the high-demand logistics market in the Southeast Austin airport submarket.”

Patrinely will market the project as Airfield 130. Encompassing 34.50 acres, the four rear-load buildings, spanning from 75,000-square-feet to 150,000-square-feet, will each feature 32’ clear heights and 190’ truck court depths and together offer 129 total dock-high doors. These features cater to industrial and logistics tenants that require access to regular shipments and arterial transportation options.

With a strategic location in Southeast Austin, these best-in-class buildings provide highly visible tollway frontage access. Approximately 6.5 miles north of the site is the SH 130 and SH 71 intersection, providing users with an efficient way to travel east and west in the metro area. Additionally, 45 miles north of the site is where SH 130 merges with Interstate-35, allowing users to continue traveling north through Waco and into Dallas/Fort Worth.

“Realterm is thrilled to partner with Patrinely, which has a strong track record of developing distinguished Class A projects in Texas and major markets across the country,” said Ed Brickley, Managing Director and Senior Fund Manager for Realterm. “Austin continues to experience tremendous population, job and e-commerce growth and is a manufacturing base for many large companies. We look forward to jointly delivering this project in a market with strong demand for industrial properties.”

The project is slated for completion in Q1 of 2025. KBC Advisors, led by Mo Green, Trey Blasingame and Will Bost will handle the leasing under the direction of Dennis Tarro of Patrinely. Catamount Constructors is the general contractor.