Transwestern Adding 400,000-SF Industrial Space at SouthPark Commerce Center

AUSTIN-Ty Puckett, executive vice president of Transwestern Commercial Services, told GlobeSt.com that demand is sufficient for the SouthPark Commerce Center space, particularly since technology is driving the Austin economy. “It used to be Austin depended on state government and the University of Texas, but high tech has changed all that,” says Puckett, who has been active in Austin industrial real estate since 1984. “This market has been very strong over the past four or five years. 1999 set a new benchmark, when the city absorbed over 2 million sf. We’ve absorbed over 1 million in first the six months of this year and could absorb somewhere between 2.1 million and 2.4 million sf this year.”

Transwestern is building bulk distribution projects, flex and R&D space at the center, located at 4401 Freidrich Lane, Puckett says. “Southpark Commerce Center by the airport is very successful and we’re about to complete the second phase in that southeast market. We have basically 160,000 sf of bulk distribution with the balance, 210,000 sf of flex space.”