KYLE, TEXAS — Los Angeles-based Majestic Realty Co. has acquired 46 acres for the development of 500,000-square-foot industrial project in Kyle, located along the Interstate 35 corridor between Austin and San Antonio.
Branded Majestic Plum Creek Business Park, the property will deliver Class A, tilt-wall buildings that can accommodate all manner of industrial uses.
Majestic will invest approximately $39.7 million in the project, which is being developed on a speculative basis. Construction is scheduled to begin during the fourth quarter.
Tate Hinkelman and Marshall Davidson of Avison Young represented the seller, Plum Creek Development Partners, in the land deal. Joe Birdwell of American Southwest represented Majestic.
This story originally published by REBusiness.
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