Green Point Property Company announced plans Dec. 3 to develop the 231-acre GTX Logistics Park in Georgetown, Texas.

GTX Logistics Park, located at 900 FM 972, Georgetown, will feature a large number of parking spaces, trailer storage and build-to-suit options for industrial and distribution use, according to the Dec. 3 news release.

The industrial and distribution spaces will range from 400,000 square feet to 1.45 million square feet. In total, the development will be over 3 million square feet and will be built out in several phases. Phase 1 of the project will feature a 409,822-square-foot cross-dock building scheduled to be completed in the third quarter of 2022. Green Point Property Company plans to build 66 dock doors for the Phase 1 building, according to the release.

The logistics park will be Green Point Property Company’s largest development in the Austin metropolitan area, according to the release.

“Our goal in acquiring this significant acreage position is to develop a Class A industrial park unique to the Austin-MSA,” said Jeremy Rydberg, partner at Green Point Property Company. “GTX Logistics Park will feature both ready-to-occupy space and the ability to accommodate larger users, including those with highly-specialized requirements.”

The park will serve to satisfy a need the Austin metro has for large industrial buildings for distribution and manufacturing, said Chase Clancy, an Austin-based brokerage partner with Colliers, a real estate brokerage and investment management company.

"The GTX Logistics Park answers the call for large-format industrial space and will be a catalyst for growth and job creation throughout the greater Georgetown laborshed,” Clancy said. “Phase 1 alone will produce one of the largest industrial buildings developed in Central Texas during 2022."