July 08, 2024
AUSTIN, TEXAS – Fidelis and Transwestern announce the commencement of construction at Berry Creek Business Park, a three-building, Class A industrial park totaling 520,571 square feet in Georgetown, Texas. Carter Thurmond and Nash Frisbie of Transwestern Real Estate Services are leasing the project on behalf of Fidelis.
“It is exciting for Fidelis Industrial to be nearly at the midpoint of delivering this truly unique business park at the intersection of I-35 and Highway 130,” said Kevin O’Neil, President of Fidelis. “We would not be here without the tremendous support of the City of Georgetown, Gordon Highlander Construction, and our investment partner Transwestern Investment Group. We are looking forward to activating the Transwestern leasing team and providing a great corporate home for several of the many companies looking to take advantage of the great quality of life offered by the city of Georgetown.”
Berry Creek Business Park is situated at the intersection of Interstate 35 and U.S. Highway 130, two major Texas thoroughfares with accessibility to 20 million residents within a 3-hour drive. According to Transwestern research, the Georgetown industrial submarket posted nearly 700,000 square feet of net absorption in the first quarter of 2024.
“Berry Creek epitomizes what a Class A Industrial Park should offer. Its effective building design, exceptional accessibility, and optimal circulation are set to greatly benefit the diverse tenant mix in Georgetown,” said Thurmond. “We look forward to seeing this unfold in the coming months.”
Transwestern Investment Group, on behalf of a separately managed account, and Fidelis acquired the 56-acre site in Georgetown in the fourth quarter of 2023.
Berry Creek offers two rear-load buildings ranging from 126,722 square feet to 140,685 square feet with 32-foot clear heights, and one cross-dock building that will sit at 253,164 square feet and offer a 36-foot clear height. The project can accommodate an array of tenant requirements from 30,000 square feet up to 253,000 square feet.
The event was attended by long standing landowners the Illig and Kokel families, leadership of Gordon Highlander Construction, Westwood Civil, and architects GSR Andrade. We were honored by the attendance of Georgetown Mayor Josh Schroeder, City Manager David Morgan, Assistant City Manager Nick Woolery, and Director of Planning Sofia Nelson.
Hi-res renderings and photos from the groundbreaking are available for download here.
About Fidelis
Fidelis is a privately held, full-service real estate ownership and development firm based in Houston, Texas. With a 20-year operating history, Fidelis is one of Texas’ largest commercial real estate companies. The firm has a long focus on retail, and a newer focus on healthcare, multifamily, and industrial. While Fidelis commenced operations with 1 million square feet of retail properties in the greater Houston area, the firm now owns and operates approximately 24 million square feet across five product types and fourteen states. Most recently, Fidelis created a fund business which is already on its second major capital raise.
About Transwestern Real Estate Services
Part of the Transwestern companies, Transwestern Real Estate Services (TRS) strives to add value for investors, owners and occupiers across all commercial property types. Fueled by a holistic perspective of the real estate life cycle, agility and creativity are hallmarks of our approach, while vast national resources and sound market intelligence underpin customized recommendations and property solutions.
About Transwestern Investment Group
Transwestern Investment Group (TIG®), a real estate investment adviser, seeks to provide value to institutional clients through what we believe to be compelling, thematic investment opportunities across property types and risk profiles within the United States. Part of the Transwestern companies, we have sourced and executed more than $7 billion of real estate investments to date in 26 markets.
Four dynamic, integrated companies make up the Transwestern enterprise, giving us the perspective to think broadly, deeply and creatively about commercial real estate. Through offices nationwide, we positively impact the built environment and our communities while fostering a work climate that champions career vitality for all. Learn more at transwestern.com and @Transwestern.
This document does not constitute an offer, solicitation or recommendation to sell or an offer to buy any securities, investment products or investment advisory services. Any offer or solicitation will be made only pursuant to a confidential private placement memorandum and subscription documents (the “Offering Materials”) and will be subject to the terms and conditions contained in such Offering Materials.
Media Contact:
Montgomery Angel
346.232.8625
Montgomery.angel@transwestern.com
twmediarelations@transwestern.com
