IDI Logistics has completed three industrial buildings in Round Rock, Texas. Totaling 310,689 square feet, they represent the first phase of Sunrise Commerce Center. The property spans 37 acres and is planned to encompass 465,660 square feet at full build-out. The developer broke ground last spring.
Partners on the project include general contractor Adolfson & Peterson Construction, 5G Studio Collaborative as architecture firm and civil engineer Pacheco Koch. Stream Realty Partners are handling the leasing efforts. AP’s role also included tenant finishes.
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The three warehouses have rear load capabilities and include build-to-suit office space. The 175,170-square-foot Building A has 36-foot clear heights, 43 dock-high loading doors and two drive-in doors, as well as 230 car parking spaces and 62 trailer stalls.
Building B spans 59,274 square feet and has 18 dock loading doors and 93 vehicle parking spots, while the 76,247-square-foot Building C has 24 dock doors and 121 parking spaces. Both facilities have 32-foot clear heights.
Located at 2380 Oakmont Road, the campus is close to Interstate 35 and 4 miles from downtown Round Rock. Downtown Austin is within 23 miles, while the Austin-Bergstrom International Airport is 28 miles south.
The development’s second phase will include a 59,274-square-foot facility with 106 car parking spaces and a 95,693-square-foot building with 229 vehicle spots and 30 trailer stalls. Both warehouses will have 32-foot clear heights.
Stream Realty Partners Executive Managing Director & Partner Will Nichols, along with Managing Director & Partner Sam Owen are handling all leasing efforts.
Austin’s industrial supply surge leads to rise in vacancy
In the second quarter of this year, about 1.7 million square feet of industrial space came online across the metro, according to a Cushman & Wakefield report. A total of 6.2 million square feet were delivered in the first half of the year, contributing to a 320-basis-point year-over-year increase in vacancy.
In August, a joint venture between Ryan Cos. and DWS Group announced plans for Mustang Crossing, 1.2 million-square-foot, six-building industrial campus in Manor, Texas. The first phase of the project will include four facilities that are expected to break ground this December and come online by March 2026.
A few months earlier, Titan Development received city approvals for the development of the 1.3 million-square-foot Leander 183 Commerce Center. The campus will be constructed on 115 acres in Leander, Texas, and is scheduled for completion in 2036.