Developer John Lloyd has bought 250 acres, called Interport South, from a family trust and simultaneously sold an 80-acre tract of flood-plain property to an Austin executive for private use. Joyce Jane Weedman, a land specialist at NAI Commercial Industrial Properties Co., and Royce Lacey, an NAI CIP vice president, represented the family trust. As the initial purchase closed, Weedman did the turn-around sale to the executive.

Weedman tells GlobeSt.com that Lloyd has the odds in his favor. She says the property is among the few Austin sites that can accommodate large manufacturing facilities. It doesn't have environmental concerns, the land is flat and easy to build on and has high-capacity utilities and redundant electrical power.

"There are literally just a handful of such sites in the city," Weedman says. "John has recognized that when manufacturers start coming back into the city that this site will be always on the short list and he'll get his share of users." She says Lloyd, mainly known for his residential developments, would like to sell the property to a one major user, but will break it up if necessary.