#WarehouseWednesday: Samsung proves tech is hottest asset class

Samsung is starting construction soon on the first technology warehouse related to its $200 billion investment in Texas. In case you missed it from our story on Samsung:

“Industrial facilities for technology have become one of the hottest asset classes in Central Texas. Just 1.3 percent of the 154.7 megawatts of data center inventory in the Austin and San Antonio market was vacant at the end of last year, according to a recent report from CBRE.”

Here’s a snapshot of what’s going on in Texas industrial real estate this week.

Leon Capital plans to build a 148,000-square-foot warehouse at the northeast corner of Gravel Drive and Jack Newell Boulevard in Fort Worth. The Dallas-based company plans to spend about $9.9 million, or about $67 per square foot, according to a filing with the Texas Department of Licensing and Regulation.

Hillwood, the Dallas-based firm founded by Ross Perot Jr., filed plans recently to build a $16.1 million shell building at 2960 Ferguson Lane in Northeast Austin. The building will span about 269,000 square feet and cost about $60 per square foot.

Austin-based Titan Development plans to build a $25 million, 100,000-square-foot warehouse building at 1805 Titan Drive in Georgetown. Titan recently started construction on building five of its NorthPark35 Industrial Park in Georgetown.

The 89,000-square-foot Bickham Industrial Park at 10312 Bickham Road in Northwest Dallas is fully leased with 17 tenants. Bradford Commercial Real Estate leased the last 12,000-square-foot space to Lone Star Event Rentals.

Vault Partners started construction recently on a 185,000-square-foot warehouse, the Vault Distribution Center, at 13,606 Furman Road in Houston. Stream Realty Partners has been tapped to lease the space.