A partnership between Dallas-based developer Lincoln Property Company and finance powerhouse Goldman Sachs has broken ground on a major industrial project in Kyle, the southwester suburb of Austin growing around the I-35 corridor.
Formerly known as Waterstone, the 894,000-square-foot CTX 110 industrial project will consist of four buildings ranging from 152,940 to 335,879 square feet. Buildings will feature a mix of cross-dock and front-load configurations, 32- to 36-foot clear heights, and a combined total of 232 dock-high doors, 10 drive-in doors, and 994 parking spaces.
Powers Brown is the project architect. Campbell Roche, Kyle Spencer, Will Mogk, Kristi Leonard, Ryan Pollack, and Campbell Swango of JLL arranged $83.8 million in construction financing through Bank OZK and Affinius Capital on behalf of the partnership. JLL has also been retained as the leasing agent. Completion is slated for late 2025.
