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Texas

Dallas firm building 451K sf industrial site in Austin

The state capital has over 12M sf of warehouse projects in the pipeline

Stillwater Capital owner Robert Elliot and the Stillwater Travis South industrial project (Stillwater, Getty)
Stillwater Capital owner Robert Elliot and the Stillwater Travis South industrial project (Stillwater, Getty)

Investment firm Stillwater Capital has shared plans to build three industrial shell buildings in Austin’s Travis county.

The three buildings will comprise the Stillwater Travis South complex totaling 451,000 square feet, with total construction costs of over $40 million.

The Texas capital has seen its industrial market boom over the past couple of years, as has the rest of the state.

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Some analysts warn that DFW’s industrial sector may soon be at risk of oversupply, but a recent report from JLL points to record-high rents and robust tenant demand in Austin currently has over 64 million square feet in inventory, with over 12 million projects in the pipeline.

That pipeline has grown approximately 44 percent in just the last four months.

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Industrial