Quannah Partners Acquires 69 Acres for Industrial Development in Taylor, TX
Taylor, TX - Quannah Partners (“Quannah”),in partnership with a Colorado-based family office, successfully closed on the acquisition of a 69.2 acre tract for the speculative industrial development of three Class A rear-load shallow-bay buildings totaling 360,000 square feet in Taylor, TX (Austin MSA) (the “Property”). This significant milestone marks the fifth ground-up industrial development in Texas for Quannah Partners and the first in the Austin market. Quannah Partners is also developing a 195,000 square-foot industrial property in Denver, CO, and a 152,000 square-foot industrial property in Houston, TX.
The development is designed to be three Class A rear-load industrial buildings, featuring 32’ clear heights, ESFR sprinklers, dock-high doors, energy-efficient roofing and windows, standard 185-foot truck courts including trailer parking. The buildings have been designed to accommodate tenants ranging in size from 30,000 square feet to 130,000 square feet.
The Property is the last in the immediate area with existing utilities from the City of Taylor and zoned for industrial use. The site is situated on Highway 79 with frontage and has a four-way lighted intersection at the expanded County Road 401 which will serve as the main artery to the Property. County Road 401 has already been expanded from Highway 79 to Samsung’splant, thus providing direct access to the new 4 million square foot Samsung Advanced Chip Manufacturing Plant, a ~$20 billion development currently under construction with expected delivery in late 2024 or early 2025. The location is one mile away from the Samsung plant, allowing Samsung service providers/vendors direct access to the plant via the newly expanded County Road 401.
“This land site in Taylor presents the single best development opportunity for prospective Samsung vendors who want to be close to the fab facility and within the Taylor city limits,” said Jeff Stringer, Quannah’s Senior Director of Development. “Demand will not be exclusively from Samsung vendors but also businesses that are supporting the booming population growth in Taylor, Hutto, and Georgetown.”
The team includes RosenbergerConstruction as the general contractor, Powers Brown Architecture as the architect and Pape-Dawson Engineers as the civil engineer. JLL Austin is the exclusive leasing brokerage firm for this project. For leasing inquiries please contact Zane Cole ( Zane.Cole@jll.com) or KyleMcCulloch (Kyle.McCulloch@jll.com) or contact them via phone at 512-225-2700.
About Quannah Partners
Quannah Partners is a private equity commercial real estate investment company headquartered in Denver, Colorado. Quannah’s senior management team has over 50 years of experience as principal investors in value-add and opportunistic acquisitions and developments and has been responsible for investing more than $4.0 billion of capital in commercial real estate across all property types. For more information and to register to invest with Quannah Partners, visit www.quannahpartners.com.
