October 12, 2016
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.
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