National Real Estate Firm Expands to Central Texas with Record Acquisition

Houston-based Triten Real Estate Partners has entered the Central Texas market with its largest industrial purchase to date, acquiring the Central Texas Logistics Center in San Marcos, Hays County. The 46-acre property at 1551-1600 Clovis R Barker Road includes seven buildings with a total of 485,885 square feet of industrial space.

Hays County, one of the fastest-growing counties nationally, saw a 55% population increase from 2011 to 2021. Triten specializes in supply chain logistics and has expanded its portfolio in Atlanta, Dallas, Philadelphia, and Washington, D.C. over the past year.

“Triten continues to prove its tenacity in pursuing attractive industrial assets in coveted markets across the country. We are pleased to add Austin to that growing list, as we now find ourselves positioned in one of the fastest-growing counties in the nation.” - Will Hedges, Triten Partner

The Central Texas Logistics Center is fully leased to 15 national and regional tenants and is strategically located near Interstate 35 along the Texas Innovation Corridor, which stretches from Austin to San Antonio, encompassing a population of 4.7 million and a labor force of 2.4 million.

Strong Demand for Industrial Space in Austin Region

Experts report robust demand for industrial space in the Austin region:

• CoStar: Over 4.5 million square feet leased in the first half of 2023, surpassing pre-pandemic averages.

  “The manufacturing industry continues to become a pillar of the industrial tenant base, building off of the presence of Samsung and Tesla.” - Israel Linares, CoStar Senior Market Analyst

• Avison Young: 3.7 million square feet leased year-to-date, with notable tenants including Four Hands, Tesla, FMT, and Pro Lift Rigging.

  • Occupancy: Down 1.6% year-over-year to 89.4%.
  • Construction: 11.1 million square feet underway, 5.9 million completed in 2024.

Austin's strategic location and growing business demand position it for sustained growth, according to Avison Young.

Sources: CoStar, Avison Young