The Galesi Group forms JV with Hines to develop industrial and logistics park in Austin

Hines has formed a joint venture with The Galesi Group to develop a class A industrial and logistics park at the northeast corner of Harris Branch Parkway and Parmer Lane in Austin.

The site encompasses 150 acres and lies between Harris Branch Parkway and State Highway 130 and is accessed by both Howard Lane, from the north, and Parmer Lane, from the south.

The first phase of the project is being designed by Powers Brown Architecture and will offer 315,000 square feet of class A industrial warehouse space across three buildings. The buildings will feature a sleek, distinctive design while also providing tenants with functional and efficient, state of the art floor space, all within a controlled business park setting. The park will contain approximately 1.7 million square feet of industrial and logistics space upon full build-out. The venture is located two miles from the Samsung Austin Semiconductor plant, less than one mile from State Highway 130, and less than 10 mil