KYLE, TEXAS — MDH Partners has acquired Kyle 35 Logistics Park, a newly built, 1.4 million-square-foot industrial park located in Kyle, approximately 20 miles southwest of Austin. Houston-based Alliance Industrial Co. sold the property for an undisclosed price.
Delivered in 2023, Kyle 35 Logistics Park comprises five Class A industrial buildings ranging in size from 140,300 to 474,397 square feet each. Electric vehicle manufacturer and technology company Tesla Inc. fully occupies the development.
Situated along I-35, the buildings feature 35- to 40-foot clear heights, ESFR sprinkler systems and ample parking. The property offers connectivity between Mexico, San Antonio, Austin and the Dallas-Fort Worth metro.
According to a press release issued by JLL, the city of Kyle has roughly doubled in population over the past decade, with more than 25 million people located within a five-hour drive of the industrial park.
Trent Agnew, Witt Westbrook, Kyle Mueller, Charlie Strauss and Tom Weber of JLL Capital Markets represented the seller in the transaction.
“Kyle 35 Logistics Park represented an exceptional opportunity to acquire a newly built, fully leased industrial asset in one of the fastest growing corridors in Central Texas,” says Agnew. “The property’s high-quality construction, investment grade tenancy and strategic location generated strong investor interest.”
Atlanta-based MDH Partners was founded in 2005 and has led or participated in over $6 billion and 90 million square feet of acquisition, development and management over the course of the company’s existence.
Originated in May 2021, Alliance Industrial Co. has invested in 20 projects totaling almost 6.6 million square feet and $800 million. Additionally, the firm controls over 5 million square feet for future investment.
— Hayden Spiess