KYLE, Texas — The Texas Innovation Corridor will welcome its first 1-million-square-foot or larger speculative space development with the construction of five logistics facilities in Kyle, the Greater San Marcos Partnership and Kyle Economic Development Department announced Wednesday.
Alliance Industrial Company will build the facilities, called Kyle/35 Logistics Park, to be anywhere from 140,000 square feet to 475,000 square feet. Kyle City Council accepted a performance-based grant agreement with the privately held company on Tuesday.
"There was no question about our need to be in the City of Kyle," said Chad Parrish, Alliance Industrial Company managing director. "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 Kyle facilities serve as the eighth development announcement for the Texas Innovation Corridor in the 2022 fiscal year. The corridor stretches from Austin down to San Antonio, with San Marcos lying at its center. Other speculative space developments in the corridor include Buda Midway in Buda, Northpoint Development in Kyle and Bearden Investments and Live Oak in San Marcos.
"Hays County is the fastest-growing county in all of Texas for good reason," said Hays County commissioner Mark Jones. "The incredible business environment found in the Texas Innovation Corridor is highly conducive for developers like Alliance Industrial Company to bring new investments online and build custom solutions for future companies. This development will create the opportunity for new quality jobs and increase major capital investment dollars to our great county.”
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