ZT Systems Eyes Austin Manufacturing Facility

ZT Systems’ facility will operate at full capacity in 2024. Image courtesy of ZT Systems

ZT Systems has acquired a 435,714-square-foot industrial development in Georgetown, Texas, near Austin, to serve as its future cloud-computing manufacturing site. The previous owner was Titan Development, according to CommercialEdge data.

The future factory will meet the increasing demand data center operators see for infrastructure expansion, especially related to cloud computing and AI technology applications. At full capacity, by the end of 2024, the facility is expected to employ more than 1,500 highly skilled individuals.

Coming online at 101 Velocity Drive within the 146-acre NorthPark 35, the industrial building is slated for delivery later this year. Titan broke ground on the project in 2022, financing its construction with a $30.3 million loan from Washington Federal Bank, due to mature in 2030, CommercialEdge shows. Upon completion, the property will feature a 36-foot clear height and some 425 parking spaces.

The campus is just west of Interstate 35 and close to Highway 130, roughly 32 miles north of downtown Austin. It is also adjacent to the Georgetown Executive Airport.

Greater Austin’s industrial pipeline

Some 19.4 million square feet of industrial space were under construction in Greater Austin as of October, CommercialEdge information shows. Of the total, 7 million square feet have entered the development pipeline since the beginning of the year.

In August, Greystone broke ground on the second and last phase of a 500,000-square-foot industrial park in San Marcos, Texas. At the time, completion was scheduled for early 2024.

Also in San Marcos, a 2,000-acre industrial project moved forward in May. At full build-out, this logistics park will be the largest master-planned industrial property in the U.S.