TAYLOR, Texas – (By Ralph Bivins of Realty News Report) – Investors dream about opportunities like this: buy raw land and soon after a major development announcement makes the location incredibly valuable. Partners Capital, the investment arm of Houston’s NAI Partners, is developing a 350,000-square-foot speculative industrial building in Taylor, a community roughly 35 miles northeast of downtown Austin.
No Disney in Sight, But … Samsung Could Build 6 Million SF Next Door
The Partners Capital project sits directly across the street from a site that is widely reported to be the chosen location for a massive Samsung semiconductor campus. Samsung is expected to announce plans for a multibillion-dollar facility that could include approximately 6 million square feet on about 1,200 acres on Taylor’s west side.
News outlets, including Reuters, BusinessKorea and Korea JoongAng Daily, have reported that Samsung has effectively selected Taylor for this major investment. The proposed Samsung site lies south of US Highway 79 and west of FM 973, almost adjacent to the Partners Capital property.
If the Samsung announcement is finalized, it would be a significant boost for nearby developers and brokers, including Jon Silberman and Andrew Pappas at NAI/Partners Capital.
Samsung’s arrival would generate substantial economic activity across Taylor and Williamson County. Local officials and the company are negotiating a proposed Williamson County Development Agreement that outlines obligations and incentives. Under the draft agreement, the county would invest in roads and infrastructure to support the chip foundry, while Samsung would qualify for sizable tax incentives tied to the project.
Samsung Site Abuts Eastern Boundary of New Logistics Park
The Houston Connection: The speculative distribution building, named TaylorPort Rail Park 01, is being developed by Partners Capital and is being marketed for lease by NAI brokers Gray Gilbert, John Colglazier Jr., and Kyle Kennan. The building’s completion was scheduled for the fourth quarter of 2022.
TaylorPort Rail Park 01 will be part of the RCR Taylor Logistics Park, a 755-acre master-planned rail logistics development that opened earlier in the year. The park includes rail service from both Union Pacific and BNSF, a feature that is uncommon in the greater Austin area and a significant advantage for large-scale distribution and industrial users.
NAI/Partners Capital’s rail-served warehouse sits within this RCR Taylor Rail Logistics Park, and the proposed Samsung campus is adjacent to park property, creating a concentration of heavy industrial, logistics, and supply-chain activity in the same corridor.
“The park is currently open with two transload tracks, storage for more than 400 railcars, interchange tracks, and approximately 400 acres available for sale to rail users or to developers with committed tenants,” said Jeffrey Pittman, vice president at RCR Rail Park Development Co. “Partners is our only traditional rail-served speculative developer in the park that we are allowing. We are also engaging with developers on cold storage and other specialized building types. We operate our own switching engines and currently receive both UP and BNSF trains twice a week. We transload lumber, brick, and other construction materials, and we are working on projects involving automobiles, aggregates, sand, wallboard, plastics, agricultural products, finished fuels, and other intermediate, non-hazardous products.”
The logistics park is strategically located—about 159 miles from Houston and 180 miles from Dallas—making it well positioned for regional distribution that links central Texas to major metro markets.
Oct. 7, 2021 Realty News Report Copyright 2021
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File: Partners Nails Prime Site
File: NAI Partners. Partners Capital. Andrew Pappas. Jon Silberman. Partners Nails Prime Site in Taylor, Texas. Samsung. Rail-served.