The Austin industrial market saw major investment activity in 2023, with several large portfolio and single-asset sales during the year. As the Austin metro continues its rapid population and job growth, demand for industrial space remains strong. 

This article highlights the five largest Austin industrial sales that occurred in 2023, summarizing key details on the properties, buyers, and sale prices. These major deals reflect the ongoing strength of Austin’s industrial sector, as institutional investors like Goldman Sachs and Link Logistics placed large bets on the market’s future performance.


Largest Austin Industrial Sales in 2023

1. ATX Logistics Portfolio

Size: 623,217 square feet
Address: Multiple
Buildings: Brushy Creek Corporate Center Building 1 and 2, Innovation Business Park 3, Pecan 130 Business Park Building 2
Submarket: Multiple
Industry: Industrial Warehouse

Goldman Sachs purchased the ATX Logistics Portfolio from Dogwood Industrial in 3Q 2023. The 623,217-square-foot portfolio was sold for roughly $126 million. At the time of sale, the properties were all 100% leased.

Goldman Sachs is a leading global investment banking and investment management firm.

2. NorthPark35

Size: 503,709 total square feet
Address: Multiple
Submarket: Georgetown
Industry:  Industrial Warehouse

LBA Realty purchased a portfolio of three properties from Prospect Ridge Advisors in 3Q 2023. At the time of sale, Buildings 1 and 2 were fully leased, while Building 3 has 86,000 square feet still available. At the time of publishing the sale price has not been released to the public.

LBA Realty is a real estate investment and management company with properties across the western United States.

3. Springbrook Corporate Center

Size: 503,080 total square feet
Address: Multiple
Buildings: Springbrook Corporate Center 7, 8, 9, and 10
Submarket: Round Rock
Industry: Industrial Warehouse

Link Logistics purchased Springbrook Corporate Center from IDI Logistics in 3Q 2023. The property sold for roughly $80 million.

Link Logistics is the largest U.S.-only owner and operator of last-mile industrial real estate, with 538 million square feet across major U.S. markets. 

4. 130 Crossing

Size: 340,200 total square feet
Address: Multiple
Buildings: 130 Crossing Buildings 3 and 5
Submarket: Northeast
Industry: Industrial Distribution

BentallGreenOak purchased 130 Crossing Buildings 3 and 5 from Ironwood Real Estate in 3Q 2023. Buildings 3 and 5 were fully leased at the time of the sale. The sale price has not been released to the public at the time of publishing.

BentallGreenOak is a real estate investment firm. BGO is headquartered in Florida and has over 27 offices across the globe.

5. Freeport Tech Center

Size: 322,600 total square feet
Address: 6320 E. Stassney Lane
Buildings: Freeport Tech Center Bldg 1, 2, and 3
Submarket: Southeast
Industry: Industrial Warehouse

Richland Communities purchased three buildings at Freeport Tech Center from TA Realty in 3Q 2023. At the time of sale, all three buildings were fully leased. The buildings range in size from 54,850 square feet to 142,800 square feet.

Richland Communities is a real estate investment firm that specializes in land acquisition, entitlement, and community design. Richland is rapidly growing its industrial holdings across the Sunbelt region of the U.S.



The top five largest Austin industrial sales of 2023 underscored the continued investor appetite for industrial assets in one of the fastest-growing metros in the country. Major distribution hubs like the Northeast submarket saw significant investment, along with emerging industrial corridors like Georgetown. 

As Austin’s economy and population expand, demand for warehouse and logistics space near major highways and Austin suburbs will continue. The significant capital committed in these deals shows that investor optimism in Austin’s industrial sector remains high.


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