Today NorthPoint Development announced a brand-new industrial development coming to Kyle, Texas. The Kansas City-based developer and landlord has closed on 74 acres and will develop the Plum Creek Industrial Center which will provide +/-859,000 square feet of new Class A industrial space. This will be NorthPoint Development’s first project in the Austin MSA. However, based on a recent study done by Real Capital Analytics, NorthPoint has constructed more industrial square footage than any other developer nationwide in the last five years.
The Plum Creek Industrial Center will feature four state-of-the-art industrial buildings located just west of Interstate 35 at Kohlers Crossing, providing easy access to both Austin and San Antonio. The project will be developed in two phases. Construction of Phase I will consist of two buildings totaling +/-440,000 square feet.
“Our firm serves to positively impact the lives of others through all interactions. We are excited for this future development of Plum Creek Industrial Center and the long-term partnership with the City of Kyle.” -- Brent Miles, Founding Partner and CMO, NorthPoint Development.
NorthPoint Development has selected Travis Hicks and Chase Clancy of Colliers International as their brokerage partners for this project.
“We’ve seen a very healthy balance of supply and demand in the Austin industrial market including strong leasing velocity in Buda and Kyle, and we’re excited to build on the growing momentum in the Hays County submarket.” – Travis Hicks, Vice President, Colliers International.
This development will create economic productivity and drive long-term employment for the surrounding communities. NorthPoint’s business portfolio includes 250+ industrial clients who are located in 74.6 million square feet of developed space. Over 55,000 jobs have been created in the development and leasing of their portfolio to date.
About NorthPoint Development
Established in 2012, NorthPoint Development is a privately held real estate development firm specializing in the development of Class A Real Estate facilities. Our firm differentiates itself from competitors through a strong engineering, technical, and data-driven focus. We employ numerous data scientists, as well as civil, geotech, electrical, industrial, and computer engineers. Our motto “Beyond the Contract” embodies the concept that no contract can be written to reflect everything that will occur in a complex real estate transaction. Our approach in all business relationships is to be fair and to operate by the “Golden Rule.” Learn more about NorthPoint Development at: https://www.beyondthecontract.com/
About Colliers International
Colliers International (NASDAQ, TSX: CIGI) is a leading real estate professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. For more than 25 years, our experienced leadership, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.
