An industrial project is set to rise at 11708 McAngus Rd., minutes away from State Highway (SH) 130, the industrial backbone of Austin. Capitalizing on the city’s skyrocketing demands for added contiguous industrial capacity, the approximately 530,000 net rentable-square-foot industrial project is expected to be completed by the third quarter of 2022, according to developer Rastegar Industrial, the industrial arm of Rastegar Property Company. Newmark will be leasing the property for Rastegar.

Rastegar anticipates having a tenant in place to collaborate on site development for the 50-acre parcel that is located within an Opportunity Zone, a few miles from Tesla’s Gigafactory and the Austin-Bergstrom International Airport. In addition to Tesla’s new Gigafactory, Chanel is completing a manufacturing facility a few miles away.

“Austin is one of, if not the fastest-growing metro in the United States. The world’s greatest tech companies and manufacturers are all moving to the region, creating an imminent need for more industrial space,” said Ari Rastegar, founder and CEO of Rastegar Property Company. “State Highway 130 stretches all the way down to San Antonio and provides an alternative route to heavily congested Interstate 35, making it appealing to industrial facilities for distribution. Between Tesla, Chanel, this property and the many other developments, it is the most active corridor in the entire region.”

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