Alliance Industrial Company, a privately held industrial development and investment company that launched in May of 2021, will build the first-ever speculative project of 1 million square feet, or more, in the Texas Innovation Corridor with a new development in the City of Kyle. The development will serve as a future home to new and expanding businesses within Hays County, officials said.
“There was no question about our need to be in the City of Kyle,” said Chad Parrish, managing director of Alliance Industrial. “With explosive growth and growing demand for industrial and logistics space in the region, we found ourselves perfectly aligned with the Kyle business community. We’re proud to be bringing the largest-ever speculative space to the Texas Innovation Corridor and bring much-needed infrastructure to the companies that want to be doing business in Hays County.”
The announcement became official during the Tuesday, June 7, Kyle City Council meeting, when the Council approved a performance-based grant agreement with the company. Hays County also entered into a performance-based agreement with the company during a Commissioners Court meeting on Tuesday morning.
The project, named Kyle/35 Logistics Park, will consist of five logistics facilities ranging in size from approximately 140,000 square feet to 475,000 square feet. The buildings are designed for single or multi-tenant use and the project can accommodate end-users between 40,000 and 1.4 million square feet.
“Developers are building at such an incredibly fast rate in Hays and Caldwell counties that we are now building-to-finish instead of building-to-spec,” said Jason Giulietti, president of the Greater San Marcos Partnership (GSMP). “Buildings are getting leased before completion, which is a strong sign of economic stability. The scale of demand continues to be unprecedented in our region and companies are able to get to market quickly thanks to the developments being built by these spec developers.”
This location is the eighth announcement in the Texas Innovation Corridor for fiscal year 2022. It joins notable recent speculative space projects such as Buda Midway in Buda, Bearden Investments and Live Oak in San Marcos, and Northpoint Development in Kyle.
“This is a milestone achievement for our city and its growth,” said Travis Mitchell, mayor for the City of Kyle. “We welcome Alliance Industrial Company to Kyle as well as the future companies and job creators that will reside in their buildings.”
