Newly built 1.4M SF industrial park in Kyle, TX sold
JLL Capital Markets led the sales efforts of the fully leased Kyle 35 Logistics Park
HOUSTON, Oct. 29, 2024 – JLL Capital Markets announced today the sale of Kyle 35 Logistics Park, a newly constructed 1,392,379-square-foot industrial park in Kyle, Texas, located in the rapidly growing corridor between Austin and San Antonio.
JLL represented the seller, Alliance Industrial Company. MDH Partners acquired the asset.
Completed in 2023, Kyle 35 Logistics Park consists of five state-of-the-art industrial Class A buildings ranging from 140,300 to 474,397 square feet. It features 36- to 40-foot clear heights, ESFR sprinkler systems, ample parking and other modern amenities sought after by industrial tenants. The property is 100% leased to Tesla, Inc., one of the world’s leading electric vehicle (EV) manufacturers and advanced technology companies.
Strategically positioned on Interstate 35, one of the most vital north-south thoroughfares in Texas, Kyle 35 Logistics Park offers exceptional connectivity between Mexico, San Antonio, Austin, Dallas-Fort Worth and beyond to the North Central region of the US. The property's location provides tenants with access to a growing population of over 25 million people within a five-hour drive.
Additionally, Kyle, Texas has experienced tremendous growth, nearly doubling in size over the past decade. The city combines convenient proximity to Austin's economic advantages with the benefits of a more affordable, yet rapidly densifying suburb.
The JLL Capital Markets team representing the seller was led by Trent Agnew, Witt Westbrook, Kyle Mueller, Charlie Strauss and Tom Weber.
"Kyle 35 Logistics Park represented an exceptional opportunity to acquire a newly built, fully leased industrial asset in one of the fastest growing corridors in Central Texas," said Agnew. "The property's high-quality construction, investment grade tenancy and strategic location generated strong investor interest."
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 110,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Alliance Industrial Company
Alliance Industrial Company provides hands-on targeted industrial real estate investment, development and construction capabilities focused on key distribution hubs throughout the nation. Since inception in May of 2021, Alliance Industrial teams have invested in 20 projects, totalling nearly 6.6 million SF and $800MM in total capitalization, and controls over 5 million SF for future investment. Alliance Industrial Company is headquartered in Houston, TX and has regional office in Dallas, Houston, Atlanta, Charlotte, Phoenix and Boca Raton.
About MDH Partners
MDH Partners is an Atlanta-based real estate investment company managing its discretionary funds targeting industrial real estate across the United States on behalf of its institutional investors. Founded in 2005 as the successor to a fifty-year-old local real estate development company, MDH Partners has led and/or participated in over $6 billion (90 million square feet) of acquisitions, developments, and asset management as an advisor and investor. For more information, visit www.mdhpartners.com.