• Equity Placement Ledo Capital Group
  • Debt - Independent Bank
  • Leasing - Ace Schlameus and Kyle McCulloch JLL
  • Property Management - JLL

Innovation Business Park Buildings 1 & 2, Hutto (Austin), Texas

Innovation Business Park Buildings 1 & 2, Hutto (Austin), Texas
Innovation Business Park Buildings 1 & 2, Hutto (Austin), Texas

Property:
2 institutional quality industrial buildings.
360,000 square feet
Acquired March 2020

Location: Innovation Business Park is a newly developed master planned industrial park located in North Austin at 1005 New Technology Boulevard in Hutto, Texas, and is directly accessed from State Highway 130 and I-35 via US 79. This strategic North Austin location offers access to major Texas markets including Houston, Dallas-Fort Worth, San Antonio and quick access to central Austin.

Strategy: Institutional Acquisition. Building 1 is newly constructed and partially leased, and building 2 is under construction with escrow to close upon shell completion. This will allow us deliver institutional quality industrial product for mid to large users targeting occupancy in North Austin.