Global real estate services company Brookfield Properties has added Park 290, a 68-acre development site located in Austin, Texas to its U.S. logistics portfolio.
Located in Austin’s Northeast submarket, Brookfield Properties will develop a Class-A logistics park totaling 826,000 square feet.
”We are thrilled to continue the growth of our development platform in the dynamic Austin market. The vibrant economy and rapidly growing population provide an attractive opportunity to serve a diverse and growing tenant base,” said Connor Tamlyn, VP-Development.
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The two-phase development will include four LEEDcertified distribution buildings featuring 28-36’ clear heights, flexible divisibility, and ample car and trailer parking to accommodate tenants from 30,000 to 315,000 square feet. The site will be available for build-to-suit users until construction commences in the second half of 2021.