Sansone Group, in partnership with Principal Asset Management, broke ground on the Austin Hills Commerce Center in Austin, Texas.
This multi-phase project spans +/-134 acres of land and is poised to accommodate over 1.35 million square feet of industrial buildings. Strategically located just off Highway 130, 11 miles from downtown Austin and a mere five minutes from the 4.3 million square foot Tesla Gigafactory, the development promises prime accessibility and potential for growth.
The project will include six state-of-the-art Class-A buildings with unmatched building depths and trailer parking, comprising a total of 1,356,760 square feet of industrial space that can accommodate tenants of all sizes.
Backed by Principal Real Estate, the dedicated real estate investment team of Principal Asset Management, this venture underscores a commitment to innovative development and strategic investment. With Principal Asset Management managing $554 billion in assets for 800 institutional clients as of March 31, 2024, the collaboration represents a significant step towards unlocking the full potential of Austin’s industrial landscape.
Sansone Group and Principal Asset Management are excited to work with Burton Construction who will lead the design and construction of the new industrial center and Stream Realty who will handle the leasing of the project.
