In 2024, Austin’s industrial real estate market saw major transactions totaling over 3.6 million square feet, with institutional investors making significant moves in the region.
Read Next: 2024 Recap: 5 Largest Industrial Leases Signed in Austin
EQT Exeter emerged as a dominant player, acquiring three of the top five properties and substantially expanding its Austin footprint. These transactions highlight the growing appeal of Austin’s suburban industrial markets to national and international investors.
5 Largest Institutional Investor Industrial Sales of 2024 in Austin, Texas
1. Kyle35 Logistics Park
Photo courtesy of CoStar.
Size: 1,392,379 square feet
Address: 201 Logistics Drive
Submarket: Hays County
Industry: Industrial Distribution
MDH Partners purchased Kyle35 Logistics Park from Alliance Industrial in 3Q 2024. The 1,392,379-square-foot portfolio includes five properties, all in the same business park. At the time of sale, the properties were all 100% leased to Tesla.
MDH Partners is a national real estate investment company that owns 145 properties across the country.
2. Northeast Crossing
Photo courtesy of CoStar.
Size: 935,354 total square feet
Address: Multiple
Buildings: Northeast Crossing Buildings 1, 2, 3 and 4
Submarket: Far Northeast
Industry: Industrial Warehouse
Longpoint Realty Partners purchased four buildings at Northeast Crossing from Link Logistics in 2Q 2024. At the time of sale, buildings 1, 2, and 4 were fully leased. The buildings range in size from 179,200 square feet to 343,200 square feet.
Longpoint Realty Partners is a real estate private equity firm based out of Boston.
3. Settler’s Grove
From left to right: Settler’s Grove Buildings I, II, III, and IV. EQT Exeter acquired buildings I, II, and III. Photo courtesy of CoStar.
Size: 494,819 total square feet
Address: Multiple
Buildings: Settler’s Grove I, II, and III
Submarket: Round Rock
Industry: Industrial Warehouses
EQT Exeter purchased Settler’s Grove I, II, and III from Link Logistics (a subsidiary of Blackstone Inc.) in 4Q 2024. At the time of sale, these buildings were 65% leased.
EQT Exeter is a recently formed division of Swedish EQT AB that focuses on the acquisition of stabilized commercial real estate across the United States.
4. GAF Energy Solar Shingle Plant
Photo courtesy of CoStar.
Size: 449,642 total square feet
Address: 110 SE Inner Loop
Submarket: Williamson County
Industry: Industrial Distribution
EQT Exeter Real Estate Income Trust purchased the GAF Energy Solar Shingle Plant from Portman Holdings in 1Q 2024. At the time of the sale, the building was 100% leased and the property sold for approximately $60,900,000.
5. Southpark Commerce Center II
Photo courtesy of CoStar.
Size: 372,125 total square feet
Address: 4509 Freidrich Lane
Submarket: Southeast
Industry: Industrial Warehouse
EQT Exeter purchased Southpark Commerce Center II from Principal Real Estate Investors in 4Q 2024. The four-building complex’s sale price remains undisclosed as of this writing.
Read Next: Austin-Area Industrial Developments (Under Construction and Proposed)
Conclusion
The top five largest Austin industrial sales of 2024 show that Austin’s surrounding cities continue to be a target for investors in the area.
Download: AQUILA’s Latest Austin Industrial Market Report
