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KYLE, TEXAS — Dallas-based Hillwood Properties and Austin-based HPI Real Estate Services will develop Hays Commerce Center, a 400,000-square-foot industrial development situated on 108 acres in Kyle, a southern suburb of Austin. The property, which will be located along the Interstate 35 corridor near Austin-Bergstrom International Airport, is being developed on a speculative basis. Construction of Building I, a 220,000-square-foot asset, is expected to be complete by the fourth quarter.