As consumer demand drives e-commerce activity, Robinson Weeks and Titan Development ink deal with RH, add Farmer Brothers to expanding tenant line-up in Metro San Antonio
Robinson Weeks Partners and Titan Development announced today that it executed two leases with furniture retailer RH and wholesale coffee supplier Farmer Brothers at Enterprise Industrial Park (EIP), a Class A speculative development in Schertz, Texas near San Antonio. Totaling more than 80,000 square feet, the pair of lease agreements at Enterprise Building VI reflects growing interest in the San Antonio market as a prominent Texas distribution hub.
Enterprise Building VI is a joint venture between Robinson Weeks and Titan Development. The facility is part of Enterprise Industrial Park, a 125-acre, master-planned industrial park developed by Titan Development comprising seven speculative warehouse facilities ranging from 130,000 to 360,000 square feet. The final warehouse, Enterprise Building VII, will deliver in 2022.
Building VI is equipped with several state-of-the-art features that are advantageous for a variety of industrial users, 30’ clear ceiling heights, rear loading, ample auto parking, trailer storage and move-in ready office space. RH and Farmer Brothers join an impressive tenant roster at the park that also includes TJ Maxx, Goodman Networks, Animal Supply Co., Wilsonart, Archpoint and Chadwell Supply.
According to a recent CBRE report, industrial tenants in the San Antonio area are seeing value in build-to-suit, Class A distribution warehouses, with 1.8 million square foot of product expected to deliver in early-to-mid 2021. The market is teed up for strong absorption as the economy continues to rebound from the initial impact of the coronavirus pandemic and tenant demand soars. Proximity to Gulf Coast ports is a major selling point for the area, which has seen increased interest from Asian manufacturers and a steady supply of imports from Mexico.
“The strength and growing velocity we’re now seeing in the northeast San Antonio industrial market aligns with the forecast Robinson Weeks made when we identified land sites and began planning this project back in 2010, ” said Forrest Robinson, Chairman of the Board and co-founder at Robinson Weeks. "As e-commerce activity continues to surge, we are seeing an uptick in demand from retail-based companies seeking to enhance the distribution process by expanding operations near key logistics networks like the I-35 corridor. We’re pleased to partner with RH and Farmer Brothers as they embark on the next chapter of their growth stories, and look forward to launching the next phase of construction at Enterprise Industrial Park.”
RH will occupy approximately 62,000 square feet at Enterprise Building VI, which delivered in October. The California-based retailer, known for high-end home furnishings and decor, will use the space as a distribution facility for its growing San Antonio and Austin market, where it operates a gallery at The Shops at La Cantera in San Antonio. The signing marks the latest in a string of multi-state transactions between the furniture retailer and Robinson Weeks, with six individual deals representing over 3.5 million square feet of space in markets that include Baltimore, Southern California, and Dallas.
John Colglazier with Colglazier Properties represented the owners. Kyle Mueller with Jones Lang LaSalle represented RH.
“Our industrial park in Schertz has been seeing increased interest for the past few years as companies begin to take note of the Northeast San Antonio market as the convenient distribution hub it is,” said Joe Iannacone, VP of Development at Titan Development. “Located on the I-35 corridor, industrial space in this market has easy access to several major Texas markets including San Antonio, Austin, Dallas, and even Houston. We believe the stretch of I-35 between Austin and San Antonio will be some of the most desireable industrial land in the country over the next few years.”
Farmer Brothers will be located adjacent to RH, taking approximately 21,000 square feet in Enterprise Building VI. The company is one of the leading wholesale distributors of coffee, teas and a variety of other food and beverage products to food service, convenience stores and grocery retailers. Based in Northlake, Texas, Farmer Brothers operates over 100 branches throughout the country. The new facility at Enterprise is its tenth in Texas, and will focus on distributing products to service-oriented facilities, including restaurants, hotels, casinos and healthcare providers.
The tenant was represented by Rusty Smith and Sergio Acosta of Cushman & Wakefield. Robinson Weeks and Titan Development were represented by John Colglazier of Colglazier Properties.
Robinson Weeks Partner and Titan Development have been Joint Venture partners in San Antonio for over six years and will break ground on their next building at Enterprise Industrial Park in summer of 2021. The City of Schertz Economic Development Corporation (SEDC) has also been a valued partner in the project as it continues to promote and enhance job growth and economic prosperity for the region.
ABOUT ROBINSON WEEKS PARTNERS
Robinson Weeks Partners is an Atlanta based development and acquisitions firm, whose partners have developed and acquired more than 100 millions square feet representing $5 billion of industrial properties across the United States since 1979. The boutique real estate firm structures ventures with public and private entities to develop master-planned industrial parks, and it also creates exceptional build-to-suit programs across the country for clients needing a trusted and experienced advisor to acquire and develop their facilities. Its target markets include Atlanta, Dallas, San Antonio, Charleston, Memphis, Greenville, Charlotte and Florida. For more information about Robinson Weeks Partners, please call Deborah Wannemacher at 404-816-7542 or visit www.robinsonweeks.com.
ABOUT TITAN DEVELOPMENT
Titan Development is a full-service development company, providing all necessary services to transform raw land into an operational facility. Formed in 1999, Titan Development has a wealth of experience in both land and vertical development. Titan maintains offices in New Mexico and Texas in order to foster the relationships that create success for our clients and investors. Titan delivers projects with the highest quality work and customer service, within budget and on time and tailors the structure of each development to meet client objectives. Most recently, Titan Development has launched its second private equity real estate fund that highlights its equity fund management and strategic investment services, as well as macroeconomic and market analysis capability. Titan Development Real Estate Fund II was established to raise and invest equity in Titan Development’s existing pipeline as well as other investment opportunities. Learn more at www.titan-development.com. For additional information about Titan Development please contact Ian Robertson at (505) 998-0163
