JLL Capital Markets has closed the sale of Buda Midway Phase I, a three-building, 474,465-square-foot, Class-AA industrial park in Buda, Texas.
JLL represented the seller, a joint venture between United Properties and PCCP, LLC, in the sale.
The recently delivered buildings were 100% pre-leased to CED Greentech, Sherri Hill and Four Hands. The buildings make up Phase I of a two-phase industrial park. Buda Midway Phase I is comprised of two rear-load and one cross-dock buildings offering 30- to 36-foot clear heights, 138 dock doors, 60 trailer parking spaces and 678 parking spaces. Phase II of Buda Midway will include four rear-load buildings totaling nearly 390,000 square feet and Building 1 is set for completion in spring 2023.
Situated on 35.29 acres at 1795 Fire Cracker Dr., Buda Midway Phase I is located at the crossroads of State Highway 45 and Interstate 35, one of the region’s most vital north/south thoroughfares that connects Mexico to Austin-San Antonio and Dallas-Fort Worth and beyond to the North Central region of the U.S. As a result, the property has quick access to SH-71 and US Highway 130. The Central Texas location offers tenants the ability to travel to each of the four major Texas markets within three hours or less in addition to nearly five million residents within an hour’s drive of Buda Midway. In addition, the property is located 17 miles from Austin-Bergstrom International Airport and 61 miles from San Antonio International Airport.
The JLL Capital Markets Industrial team representing the seller was led by Senior Managing Directors Trent Agnew and Dustin Volz, Directors Dom Espinosa, Associate Josh Villarreal and Analyst Megan Babovec.