Robinson Weeks Partners and Titan Development have broken ground on Selma 3, the third building with the 185-acre Titan Industrial Park in Selma, Texas.
The 429,633-square-foot building, expected to be completed in the third quarter of 2023, received $5 million in construction financing from BOK Financial, CommercialEdge data shows.
The partnership broke ground on the industrial park’s Selma 2 building in 2021. The 305,760-square-foot facility opened in July of this year. Two tenants have recently signed leasing agreements at Selma 2: Made in Cookware, which will occupy 70,000 square feet; as well as Berlin Packaging, which will occupy 120,000 square feet. Selma 2 still has about 115,000 square feet of available space.
Partner John Colglazier Jr. of NAI Partners represented the owners in both transactions. Made in Cookware was represented by Colliers International’s Senior Vice President Travis Hick and Vice President Chase Clancy, while Cushman & Wakefield’s Managing Director Andy Heyman and Director Alex Brody worked on behalf of Berlin Packaging.
San Antonio’s industrial sector
Selma 3 is located at 17654 Ben E. Keith Way. The speculative industrial property will offer clerestory windows, 36-foot clear height, four drive-in ramps, 98 dock doors, 232 parking spots and 119 trailer parking spots. The new facility is planned to accommodate a wide variety of 3PL and e-commerce users. The industrial project is situated on a 25-acre lot, close to Interstate 35, 15 miles from San Antonio International Airport and within 19 miles of San Antonio.
According to recent CommercialEdge data, Texas remains the Southwest’s largest hub for industrial construction, with San Antonio placing fifth among the state’s major markets, with nearly 4 million square feet under construction, representing 3.4 percent of total stock as of June. One of the market’s biggest projects under construction is VanTrust Real Estate’s Cornerstone Commerce Center, a two-building industrial project planned to bring nearly 1 million square feet of space in the area.