JLL Capital Markets and Titan Development have closed the sale of Titan Development’s Gateway 35 Commerce Center Building 1, a newly built 294,297-square-foot single-tenant industrial building in the Austin suburb of Georgetown, Texas, occupied by CelLink Corporation.
JLL represented the seller, Titan Development, in the sale.
Completed in June 2022, Gateway 35 Commerce Center Building 1 is a 100% climate-controlled, cross-dock building featuring 36-foot clear heights, 94 trailer stalls, 60-foot speed bays, 185-foot truck court and 220 parking spaces (0.75/1000 square feet). The building was pre-leased to CelLink, serving as a mission-critical facility for the tenant and is their first manufacturing and distribution facility in Texas. CelLink, which is based in California, manufactures the world’s largest and most electrically and thermally conductive flexible circuits.
Positioned on 20.96 acres at 2550 N IH-35 Frontage Road, the property is in North Austin at the intersection of Interstate 35 and Highway 130, two of the most vital north/south thoroughfares for the Central Texas region. As a result, the tenant can reach nearly 20 million residents within a three-hour drive. Furthermore, Gateway 35 Commerce Center Building 1 is located 35 minutes from Austin-Bergstrom International Airport and is less than 30 minutes from the market’s largest demand drivers, including Tesla Gigafactory and Samsung Taylor Plant. In addition, the area’s labor force encompasses more than 700,000 potential workers and spans 35 miles to Temple and 45 miles to Buda.
The JLL Capital Markets Industrial team representing the seller was led by Senior Managing Directors Trent Agnew and Dustin Volz, Directors Dom Espinosa, Associate Josh Villarreal and Analyst Megan Babovec.