Greystar Real Estate Partners, LLC recently broke ground on Building 2 of its 500,000-square-foot, Class A industrial development along the flourishing Interstate 35 corridor in San Marcos.
The global leader in the investment, development, and management of high-quality rental housing properties and adjacent sectors, including logistics and life sciences, has chosen Stream Realty Partners to lease and manage Whisper 35. Stream is a national real estate services, development, and investment firm with an office in Austin.
Phase 1 consists of Buildings 1 and 2 totaling 180,000 square feet. Building 1 was completed in 2021 and is now fully leased. Building 2 includes one 90,025-square-foot building that is expected to deliver in the fourth quarter of 2022. Phase 2 contains Buildings 3-5 totaling 314,938 square feet of industrial space. It is expected to deliver in the third quarter of 2023.
Stream Austin Managing Director and Partner Sam Owen, Senior Vice President Adam Green, and Vice President Mitchell Becker will serve as leasing agents for Buildings 2-5.
Located in rapidly growing Hays County, Whisper 35 is a state-of-the-art, multi-phase development offering a unique opportunity to serve Austin, San Antonio, and everything in between. Dubbed the Texas Innovation Corridor, the greater San Marcos area is evolving as one of the most promising regions in the nation. It is increasingly being recognized by the national media and is home to rapid growth in several industries, including aerospace, aviation, security and defense; business services and support; regional distribution; and destination attractions.
Whisper 35 is located within proximity to IH-35 and is conveniently accessible via the 130 and 45 state highway toll roads. The development is 25 miles from Austin and 55 miles from San Antonio. It’s 20 minutes from the new Tesla factory and within a 10-mile radius of two Amazon distribution facilities totaling over 1.6M square feet.
The development team includes Greystar and RC Page serving as general contractor.
“With a soaring population, affordable housing, and strong labor metrics, San Marcos presents an incredible opportunity for industrial tenants to serve both Austin and San Antonio and everything in between,” Owen said. “As rental rates continue to increase citywide and new development projects in Buda and Kyle prelease at a record pace, Whisper 35 offers an excellent solution to tenants seeking modern industrial buildings.”