193-acre development site in Robinson Ranch hits the market in Austin
JLL Capital Markets is selected to market the site primed for industrial, multi-housing, single-family housing and commercial development
AUSTIN, December 17, 2020 – JLL Capital Markets announced today that it has been named to market a 193-acre development site encompassed by Highway 45, CR 172 and E. McNeil Rd. in the greater Austin area on behalf of the Robinson Family. Located at Highway 45 and MoPac Expressway and one mile west of I-35, future development will benefit with great access to not only Austin’s metropolitan statistical areas (MSA), but the rest of the state.
The city of Austin has evolved into a major employment and technology hub over the past decade, being ranked as a #1 rising city for startups and tech salaries and undergoing population growth increases of 30%. Additionally, the Austin market has been recognized as the #1 Market for Real Estate Investment 2020 by Emerging Trends in Real Estate® 2020.
The JLL Capital Markets team representing the seller for this offering is led by Senior Managing Director Rusty Tamlyn, Managing Director Davis Adams and Director Garrett Gilleland.
“The completion of SH 45 N in 2007 divided this section of the family’s property from the remaining +/- 7,000 acres,” said Adams. “Because the site is isolated from the core of the family’s holdings, coupled with the strong interest they have received regarding the property, the Robinson Family has decided to begin marketing this site for sale, joint venture or ground lease.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion in 2019, operations in over 80 countries and a global workforce of over 92,000 as of September 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.