Dallas-based Green Point Property Company is planning to build its largest industrial project in the Austin metropolitan region named GTX Logistics Park. This multiphase industrial project is intended to cater to users in need of 400,000 to 1.45 million square feet of space, for industrial or distribution purposes and the groundbreaking of this industrial park has been scheduled for the first quarter of 2022.
The 3 million square feet GTX Logistic Park is meant to be built in several phases, on a 231-acre site at FM 972 and County Road 141; which is situated within a Qualified Opportunity Zone in Georgetown. According to the developers, this location is quite desirable due its extraterritorial jurisdiction zoning and triple freeport tax-exempt status, which offer numerous possibilities for tax advantages. This industrial park, on completion, will become one of the largest in Georgetown, with an enormous space that is comparable in size to about 28 typical Walmart stores. It will consist of parking spaces, trailer storage, and options for custom-made Industrial and distribution spaces, ranging between 400,000 square feet to 1.45 million square feet, available for housing various materials and jobs.
Also Read Proposed Goodyear Airpark Industrial Facility to be developed in Arizona
Phase I of the GTX Logistic Park to become operational by quarter 3 of 2022
Phase I of the GTX Logistic Park will involve the development of  a 409,822-square-foot cross-dock building, with a depth of 560 feet; it will feature 50-foot-by-60-foot speed bays and 2,500 square feet of office space within a shell building, and the delivery date of this first building has been set for quarter 3 of 2022. At present, the other phases of the project are still yet to be determined.
Chase Clancy, one of the Brokers from Colliers International Group, working with Green Point Property pointed out that the GTX Logistics Park would be well suited to handle large-scale manufacturing operations, big-box distribution for companies, third-party logistics operations and light assembly requirements. He also said the park was well positioned to cater to various services ranging from e-commerce fulfillment to automotive and high-tech manufacturing and so much more.
