MAJESTIC REALTY GROUNDBREAKING EVENT CELEBRATES HALF MILLION SQUARE FOOT DEVELOPMENT NEAR AUSTIN IN FAST-GROWING KYLE, TEXAS
Majestic Realty Co.
by Press Release on 12-10-2018
Kyle, TEXAS – Majestic Realty Co., the nation’s largest privately-held industrial real estate development company, held an event on Tuesday, December 11 to officially mark the groundbreaking on a 40-acre, two-building development project in Kyle, Texas that will add 535,113 square feet of speculative industrial warehouse, manufacturing and distribution facilities serving Austin and San Antonio in the heart of the Texas Innovation Corridor.
“This is a tremendous opportunity for us to efficiently serve the explosive growth in the Austin-San Antonio region,” said Majestic Realty Co. Chairman Ed Roski. “We’ve had an interest in Central Texas for some time. We are thrilled to now break ground and offer e-commerce, light manufacturing, retail/wholesale and service companies an opportunity to expand their footprint to serve an exceptionally fast growing and easily accessible regional population. Majestic’s Kyle Crossing Business Park will bolster the economic success of all communities along Interstate 35.”
Positioned between two of the top performing cities in the state of Texas, the Kyle Crossing Business Park is part of the 2,000-acre master planned Plum Creek development. It is located in Hays County, less than 10 miles south of Austin city limits and 39 miles north of San Antonio city limits with direct access to I-35 at Kohler’s Crossing.
“Today’s event is symbolic of the growth taking place in Plum Creek, Kyle and throughout the Texas Innovation Corridor,” said Kyle Mayor Travis Mitchell. “Majestic Realty’s investment in our community will pay dividends in economic growth for our city.”
Kyle Crossing Business Park will offer state-of-the-art industrial amenities in buildings designed to adapt and accommodate large to small businesses representing a variety of users. The Triple Freeport Tax Exempt site is backed by a strong Economic Incentive Agreement with both Hays County and the City of Kyle.
“I look forward to continuing the collaborative partnerships with Hays County, the City of Kyle and developers like Majestic Realty that are adding much needed industrial facilities in our county which will help us to attract quality employers,” said Hays County Commissioner Mark Jones.
The first building will be 227,273 square-feet featuring 32-foot ceiling clearance, 50-foot by 52-foot column spacing, 56 dock-high doors with two GL ramps, 269 spaces for auto parking with another 85 trailer parking spots. Building #1 is divisible to 20,000 square feet.
The second building will total 307,840 square feet and will feature 36-foot clearance at the first column with 50-foot by 54-foot column spacing, 89 dock-high doors with four GL ramps, 383 auto parking spaces and 136 trailer parking spaces with cross-dock loading capability. Both buildings are scheduled for completion in Q3 2019. Building #2 is divisible 50,000 square feet.
“With a proven shortage of speculative warehouse development in the region, we are excited to have a product to deliver that will allow us to be responsive. We look forward to becoming an employment center with facilities that can serve an array of projects,” said Diana Blank-Torres, Director of Economic Development for the City of Kyle.
“The half million square feet will give our region a competitive advantage in attracting new companies that provide high paying jobs for our residents,” said Adriana Cruz, President of the Greater San Marcos Partnership. “Relocating companies are faced with tight timetables that require existing facilities which can be quickly customized to meet their needs.”
“The acquisition and planned development of this site shows our confidence in the Austin-San Antonio region,” said Roski. “We are sincerely grateful for the hard work of Mayor Mitchell, Hays County Commissioner Mark Jones, the entire Kyle Economic Development team and the Greater San Marcos Partnership for their dedication to making this project a reality. Majestic is proud to become a member of the local business community with our Kyle Crossing Business Park project.”
About Majestic Realty Co.
Celebrating its 70th Anniversary in 2018, Majestic Realty Co. is the largest, privately-held developer and owner of master-planned business parks in the United States. Having developed approximately 100-million-square-feet of industrial properties, Majestic provides real estate solutions for tenants large and small, creating jobs, tax revenue and community benefits across the country. Headquartered in Southern California, Majestic has regional offices in Atlanta, Bethlehem, Penn., Dallas, Denver, Fort Worth and Laredo, Texas, Las Vegas and Phoenix, Ariz.
About Greater San Marcos Partnership
The Greater San Marcos Partnership (GSMP) is the 501c6 regional economic development organization serving the city of San Marcos, and Hays and Caldwell Counties focused on positioning the region for a wider diversity of quality jobs with higher wages. The GSMP mission is to increase economic opportunities for all in the heart of the Texas Innovation Corridor.
Visit greatersanmarcostx.com for more information.
About the City of Kyle
The City of Kyle’s Economic Development Department is committed to quality job growth and economic opportunity for the city of Kyle. Kyle is located 20 miles south of Austin and 50 short miles from San Antonio along Interstate 35 and has experienced unparalleled growth of more than 700% over the past 15 years. The City of Kyle benefits from a pro-business climate with a committed, progressive, and collaborative community. Kyle has an affordable and growing workforce, quality education base and is strategically located in the heart of one of the fastest growing corridors in the nation. For more information call 512-262-3926 or email firstname.lastname@example.org.
Greater San Marcos Partnership
for Majestic Realty Co.