Titan Development and the City of Hutto Announce Land Purchase of ‘Hutto Mega TechCenter,’ a New Industrial Park in Hutto, TX

188 acres of land earmarked for industrial improvement is located close to the newly introduced $17B Samsung semiconductor plant

HUTTO, Texas, June 8, 2022 /PRNewswire/ — Titan Improvement (“Titan”) and the Metropolis of Hutto, TX (“Hutto“), introduced as we speak Titan’s buy of ‘Hutto Mega TechCenter,’ from the Metropolis of Hutto. This land acquisition, which closed on Might 26, 2022, might be developed into Titan’s latest industrial park in Hutto, and follows Titan’s robust successes in industrial belongings in Texas and throughout the Southwest.

Located close to State Freeway 130, a toll street from North Austin to San Antonio, Titan and Hutto realized early on the chance for this prime location to develop into an industrial hub for corporations trying to increase or transfer into shut proximity to Austin. In October 2017, Titan Improvement broke floor on Innovation Enterprise Park and absolutely developed it in lower than three years. Following this success, Titan bought an extra 100 acres to increase the commercial park and has continued to satisfy the calls for of the trade by way of profitable improvement. Additionally demonstrating the world’s industrial increase is Samsung’s announcement in late 2021 that it’s constructing a $17 billion semiconductor manufacturing facility within the neighboring metropolis of Taylor. A number of different main expertise corporations are within the superior approval phases to doubtlessly develop multibillion greenback services in Hutto.

Joe Iannacone, Austin-based Senior Vice President at Titan, mentioned, “We’re excited to be growing new industrial properties at this very engaging location in Hutto. We anticipate this new industrial park will assist meet the growing demand by high-tech corporations and suppliers to find within the larger Austin space. Our new tenants Ovivo Inc. and Kval Inc. in Titan’s Innovation Enterprise Park, additionally situated in Hutto, are a testomony to the town’s enchantment as a lightweight industrial manufacturing hub.”

Hutto Mega TechCenter is situated simply south of Freeway 79, adjoining to Hutto’s 450-acre mega website. The grasp website plan for this 188-acre industrial park, which is zoned as Mild Industrial, consists of buildings starting from 200,000 to 1,000,000+ sq. toes.

Hutto Financial Improvement Company (EDC) Chairman Mike Arismendez recommended the growth of Titan’s spectacular footprint in Hutto, noting how nicely it matches throughout the Hutto EDC’s imaginative and prescient of advancing progress and alternative. Hutto and its EDC are targeted on cultivating a progressive surroundings for tech-focused and light-weight industrial companies, amongst others.

“We’re thrilled with the success present builders and companies akin to Titan are already seeing right here, in addition to the continued progress and prosperity Hutto will get pleasure from within the coming years,” Arismendez mentioned. “Hutto is strategically constructing a tradition by which space companies help one another’s wants, their clients, and maybe most significantly the Hutto neighborhood.”

Bob Farley, the town’s financial improvement director, pointed to Hutto’s quite a few benefits for builders and prospects, together with being a transportation hub in a longtime, thriving neighborhood, and having an intensive quantity of prime land out there for improvement. The worth of Hutto’s most energetic financial improvement prospects presently run the gamut from a number of hundred million {dollars} to nicely over $1 billion and greater than 2,000 jobs, he mentioned.

About Titan Improvement
Titan Improvement is a number one Southwest full-service improvement and actual property funding agency with confirmed returns, by way of diversified asset lessons throughout assorted geographic markets. Titan has accomplished greater than $2.5 billion in venture price for the reason that agency was fashioned in 1999. Titan Improvement has a wealth of actual property improvement expertise in lots of asset lessons together with personal fairness fund funding and administration, and has workplaces in Austin, TX, and Albuquerque, NM.

Titan Improvement just lately closed its third fund, Titan Improvement Actual Property Fund III (TDREF III) at $122 million in Might 2022, persevering with its profitable technique of specializing in multifamily and industrial investing in secondary and tertiary markets. Titan’s earlier fund, TDREF II, raised $95 million and has dedicated 100% of the fund to 13 tasks. Titan’s inaugural fund, TDREF I, raised $112 million and invested in a wide range of actual property asset lessons.

To be taught extra, please go to www.titan-development.com.

Media Contacts:
Lisa Baker
Lambert
[email protected] 
603.868.1967

Amy Calderon
Titan Improvement
[email protected]
505.917.5303

In regards to the Metropolis of Hutto
The Metropolis of Hutto is a full-service, home-rule municipality working beneath a Council-Supervisor type of authorities. Almost 40,000 individuals name this fast-growing neighborhood residence. Situated within the robust Austin-area jobs market, Hutto has been acknowledged as one of many most secure cities in Texas, a high place to boost a household, and interesting to younger {couples}. From its agricultural roots to its progressive financial improvement, the Metropolis of Hutto is targeted on offering a robust high quality of life for many years to return.

To be taught extra, please go to www.huttotx.gov/edc.

Media Contact:
Allison Strupeck
[email protected]
512.759.4059

SOURCE Titan Improvement