Canadian firm ships FedEx 200,000 SF to PflugervilleCanadian firm ships FedEx 200,000 SF to Pflugervillehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=17832015-02-10T07:42:00Z2015-02-10T00:00:00Z

PFLUGERVILLE - A 200,000-sf distribution center at 130 Commerce Center has been completed.

Canada-based Pure Industrial Real Estate Trust (PIRET) announced the completion of the property, which was built as part of a 1.9 million-sf deal with FedEx Ground, who will occupy the space.

The 33.4-acre tract of land was sold for $4.1 million. FedEx has taken occupancy of the space and has leased the property through January 2025.

The building cost $33 million, according to the Austin Business Journal. When fully expanded, FedEx will employ 120 drivers and warehouse workers at the location with an average annual salary of $40,000.

The facility will generate $1.6 million in net operating income, according to PIRET.

A 202,000-sf facility that is also part of PIRET’s deal with FedEx is under construction in San Antonio and is expected to be completed in February 2015.

Austin Business Journal
Austin-Round Rock
http://www.newswire.ca/en/story/1477639/pure-industrial-real-estate-trust-provides-update-on-u-s-development-projectsRead more at {Source}

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