Stonelake Capital Partners announced the ground breaking on a 48-acre industrial development located on I-35 just north of Austin in the City of Georgetown, Texas. Stonelake plans to build 620,000 square feet of Class-A warehouse/distribution space across three buildings on a speculative basis. The industrial park, which will be called “Georgetown Logistics Park”, is located at the southwest quadrant of the I-35 and SH 130 intersection at 1800 Aviation Drive, just east of Georgetown Municipal Airport. Stonelake expects to complete construction in March 2023.
Georgetown Logistics Park will feature best-in-class physical specifications and cater to the needs of a wide range of warehouse/distribution and manufacturing tenants serving the greater Central Texas region. Georgetown Logistics Park will include the following specifications and all three buildings will be completed in one phase.
a 426,240-square-foot cross dock building with 40-foot clear height and 82 trailer parking stalls
a 123,200-square-foot shallow bay rear loaded building with 36-foot clear height
a 70,300-square-foot rear loaded building with 32-foot clear height.
Stonelake is a top 10 owner of industrial buildings in Austin and Georgetown Logistics Park will bring Stonelake’s total industrial ownership in Austin to 1.52 million square feet across 28 industrial buildings.
Stonelake is an active buyer and developer of infill warehouse buildings in high barrier to entry submarkets across the United States with a particular focus on Texas and Sunbelt markets where job growth and population growth significantly outpace the national average.
In total, Stonelake owns 265 industrial buildings totaling 23 million square feet in Austin, Dallas, Houston, Atlanta, Phoenix, Nashville, Tampa, Orlando, San Antonio and El Paso.
Ace Schlameus, Kyle McCulloch and Greta Reid, with JLL, will be handling leasing on behalf of Stonelake.
Design services for the project were provided by Powers Brown Architects and Pape Dawson Engineers and the general contractor for the project is Zapalac Reed.