September 01, 2022
AUSTIN, TEXAS – Transwestern announces that Molto Properties broke ground on its first real estate development in Central Texas. Blue Springs Business Park is a state-of-the-art logistics center totaling 604,064 square feet of distribution buildings located less than 1/2 mile from Interstate 35 at the signalized intersection of Southeast Inner Loop and Blue Springs Boulevard.
“North Austin is the center of Austin’s technology sector and combined with its pro-business climate and highly educated workforce it’s one of the most attractive areas for manufacturing and corporate locations within the region,” said Ryan Lovell, Vice President of Molto. “With the recent expansions by Apple, Amazon, Tesla and most recently Samsung in the area, I expect the trend of corporate investments and demand for distribution space to continue to be robust in the coming years.”
Situated on a 43-acre site between the Citigroup Data Center and GAF Energy’s newest 450,000-square-foot facility in Georgetown, this Class A industrial park offers multi-faceted building configurations with cross-dock and rear loading options, 32-foot to 36-foot clear heights, 210 feet to 180 feet truck court aprons and a variety of buildings depths. The three buildings range in size from 124,914 square feet to 310,366 square feet, with ESFR sprinklers, dock-high doors, grade level ramps, and a combined 90-trailer parking spaces and 580 standard parking spaces. Access and circulation are excellent with five points of ingress and egress, including two points along Blue Springs Boulevard and three points along Southeast Inner Loop.
Carter Thurmond and Nash Frisbie with Transwestern are handling the leasing for Blue Springs Business Park.
“This park is designed to accommodate a wide array of users who look to service not only Georgetown, but the entire North Austin market,” said Thurmond. “Whether industrial users seek bulk distribution, office or showroom space with highly desirable highway visibility, Blue Springs Business Park offers a bit of variety for everyone. We are excited to see the value this project brings to the thriving City of Georgetown.”
Seeberger Architecture and Langan Engineers designed Blue Springs Business Park with maximum flexibility to accommodate users from 20,000 square feet to 604,064 square feet. Burton Construction is the general contractor on the project, which is expected to deliver in the second quarter of 2023.
Elsewhere around the state, Molto is actively constructing two projects in the Dallas/Ft. Worth Metroplex, including 465,000 square feet in its first phase of GSW Commerce Center in Grand Prairie, Texas, and 400,000 square feet in Alliance, Texas. Previously, it has developed a portfolio of 1.35 million square feet in the Houston Metro area, where Molto Properties’ southern regional office is located.
Photos are available for download here.
About Molto Properties
Molto Properties LLC is a Chicago-based, privately held entrepreneurial real estate firm with a portfolio of more than twenty million square feet of real estate. Its focus is the acquisition, development, and operation of quality industrial real estate throughout the United States with an active focus on California, Texas, and the Midwest. With an established history as both operators and investors, the diverse experience of the management team enables Molto to pursue a broad investment strategy, actively pursuing and acquiring vacant and income-producing assets, and land for development, redevelopment and build-to-suits. More info available at moltoproperties.com
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, investment management, and opportunistic endeavors for high-net-worth investors. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.