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October 12, 2016 Comments Off on 1M-SF Park 183 in the Works Views: 1277 Austin, Texas News

1M-SF Park 183 in the Works

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Trammell Crow Co. is partnering with Clarion Partners to build Park 183, a one million-square-foot industrial park at US Highway 183 and Burleson Road in Austin, TX.  The development will be catty corner from Austin-Bergstrom International Airport. The first 247,000-square-foot phase on the 95-acre parcel will go north during 1Q 2017, and will deliver by the end of the year. Build-out will total 964,000 square feet.

The development is in a Triple Freeport Exemption Zone, meaning taxes are waived on short-term inventories. Mark Emerick, John Barksdale, Ace Schlameus and Darryl Dadon with CBRE have the listing assignment.

“Park 183 was specifically conceived to offer tenants Class A space at a price point that is far below all other new product in the market and more in line with historical averages,” according to Trammell Crow’s Brad Maples.

Read More at Austin Business Journal

Connect with Trammell Crow Co.

Connect with CBRE’s Austin Office

For comments, questions or concerns, please contact Amy Sorter

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