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Small-Town Creedmoor Lands Sizable Industrial Park
March Capital Management (“MCM”), in partnership with Deutsche Finance America, announced the acquisition and capitalization of the initial phase of a large industrial development located off State Highway 45 Southeast in Creedmoor, Texas. Known as the town with the largest shovel, Creedmoor has less than 500 people.
This marks the commencement of 45 Logistics South, a 61-acre planned industrial park set to feature five warehouse buildings and cover an expansive area that will deliver approximately 900,000 rentable square feet. The project, which is being built on spec, is fully capitalized with construction set to begin later this month.
The initial phase introduces two buildings, totaling around 400,000 square feet, situated adjacent to Interstate State Highway 45 (SHI-45) and just east of Interstate 35 (I-35). This strategic location services the Austin metro area and is a 20-minute drive to the Tesla Gigafactory Texas. Besides the Tesla plant, the town is a short drive from the Austin-Bergstrom International Airport.
- ◦Development