Staff Report
KYLE — Kyle is reaching yet another milestone in its growth and commercial development.
Alliance Industrial Company, a privately-held industrial development and industrial company launched in May 2021, will build the first-ever speculative project of over one million square feet in the Texas Innovation Corridor with a new development in Kyle.
The development will serve as a future home to new and expanding businesses within Hays County.
A performance-based grant agreement with Alliance Industrial was approved by Kyle City Council during the June 7 council meeting. The county also entered into a performance-based agreement with the company during the June 7 commissioners court meeting.
Chad Parrish, managing director of Alliance Industrial, said that the speculative space is the largest-ever in the Texas Innovation Corridor, and is bringing much-needed infrastructure to the companies that want to do business in the county.
“There was no question about our need to be in Kyle,” said Parrish. “With explosive growth and growing demand for industrial and logistics space in the region, we found ourselves perfectly aligned with the Kyle business community.”
The project, named Kyle/35 Logistics Park, will consist of five state-of-the-art logistics facilities ranging from approximately 140,000 square feet to 475,000 square feet. The functional building designs feature clear heights ranging from 36’ to 40’, heavy employee and trailer parking ratios and a mix of single loaded and cross-docked layouts.
The buildings are designed for single 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 (which began Oct.1, 2021). It joins recent notable speculative space projects such as Buda Midway in Buda, Bearden Investments and Live Oak in San Marcos, and Northpoint Development in Kyle.
“Hays County is the fastest-growing county in all of Texas for good reason,” said Mark Jones, Hays County Pct. 2 commissioner. “The incredible business environment found in the Texas Innovation Corridor is highly conducive for developers like Alliance Industrial 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.”