Dalfen Industrial has acquired 146 acres of land in Austin, TX to develop a 6-building industrial park totaling over 1,000,000 square feet.
The land is positioned in the northeast industrial submarket of Austin, at the site of a former horse racetrack, Manor Downs.
Dalfen Industrial said the area benefits from high demand and low vacancy rates. Manor Downs is only 8 miles from downtown Austin, 10 miles from Austin-Bergstrom International Airport, and has excellent access to I-35, I-183, US-130 and US-290.
The industrial park will be within a 30-minute drive of over 1.5 million people. Other notable tenants in the area include Amazon, Fedex, Samsung, Home Depot, and the new Tesla Giga Texas.
“This development is strategically located at the US-130 and US-290 intersection which provides direct access in and out of Austin,” said Tyler McElroy, Director of Development and Construction at Dalfen Industrial. “With the continued population growth and strong demand drivers of Austin, we are excited to deliver another class A development to the area”
“The purchase of the Manor Downs land provides Dalfen with a prime location in the rapidly-growing Austin market,” said Sean Dalfen, President and Chief Investment Officer. “The proximity to downtown, the airport, a large workforce and customer base, and close proximity to major MSA thoroughfares will create high demand for this property.”