{"id":2450,"date":"2024-11-06T08:42:30","date_gmt":"2024-11-06T14:42:30","guid":{"rendered":"https:\/\/allindustrialco.com\/?p=2450"},"modified":"2025-03-17T09:07:26","modified_gmt":"2025-03-17T14:07:26","slug":"industrial-park-in-kyle-thats-leased-by-tesla-is-sold","status":"publish","type":"post","link":"https:\/\/allindustrialco.com\/texas-news\/industrial-park-in-kyle-thats-leased-by-tesla-is-sold\/","title":{"rendered":"Industrial park in Kyle that’s leased by Tesla is sold"},"content":{"rendered":"

AUSTIN\u2013 (November, 6, 2024) The growth of the Texas Hill Country has brought about a booming business economy. The latest move made by commercial property owners brought the sale of a 1.4 million-square-foot logistics park that’s been entirely leased by Tesla Inc.<\/p>\n

Houston-based Alliance Industrial Co. sold the Kyle 35 Logistics Park to Atlanta-based MDH Partners LLC in mid-October, according to the news release. It is unknown how much the property was sold for, but the park was reportedly appraised at $76.2 million for tax purposes by the Hays Central Appraisal District.<\/p>\n

Just about 20 miles away from Southwest Austin, the industrial development consists of five state-of-the-art industrial Class A buildings ranging from 140,300 to 474,397 square feet. It features 36- to 40-foot clear heights, ESFR sprinkler systems, ample parking, and other modern amenities sought after by industrial tenants, according to the release.<\/p>\n

Representatives for the seller emphasized the park’s strongest appeal features, including Kyle’s “tremendous growth, nearly doubling in size over the past decade.”<\/p>\n

“Kyle 35 Logistics Park represented an exceptional opportunity to acquire a newly built, fully leased industrial asset in one of the fastest growing corridors in Central Texas,” JLL Capital Market’s Trent Agnew said in the release. “The property’s high-quality construction, investment grade tenancy and strategic location generated strong investor interest.”<\/p>\n

The sale comes nearly nine months after the Austin Business Journal confirmed that Tesla is leasing nearly 1 million square feet of space at the park. The sales announcement says Tesla now leases 1.4 million square feet of land.<\/p>\n

Article Link: https:\/\/kyleed.com\/about-kyle-ed\/news-and-events\/1-4-million-square-foot-industrial-park-leased-by-tesla-sold-in-kyle<\/p>\n","protected":false},"excerpt":{"rendered":"

AUSTIN\u2013 (November, 6, 2024) The growth of the Texas Hill Country has brought about a booming business economy. The latest move made by commercial property owners brought the sale of a 1.4 million-square-foot logistics park that’s been entirely leased by Tesla Inc. Houston-based Alliance Industrial Co. sold the Kyle 35 Logistics Park to Atlanta-based MDH […]<\/p>\n","protected":false},"author":4,"featured_media":2451,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[10],"tags":[],"class_list":["post-2450","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-texas-news"],"acf":[],"yoast_head":"\nIndustrial park in Kyle that's leased by Tesla is sold | Alliance Industrial Company<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/allindustrialco.com\/texas-news\/industrial-park-in-kyle-thats-leased-by-tesla-is-sold\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Industrial park in Kyle that's leased by Tesla is sold | Alliance Industrial Company\" \/>\n<meta property=\"og:description\" content=\"AUSTIN\u2013 (November, 6, 2024) The growth of the Texas Hill Country has brought about a booming business economy. 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