Blackstone unit Link Logistics, which has been active on the east and west coasts, has plans to develop an industrial project in Austin.
New York-based Link, founded by Blackstone in 2019, has filed a permit with the city of Austin to build industrial facilities in eastern Travis County off State Highway 130. An entity with the same address as Blackstone owns 127 undeveloped acres one highway exit north of Tesla’s $1.1 billion electric vehicle manufacturing facility, according to county records. The land was purchased in November 2021.
Paul Frankle, associate vice president of communications at Link Logistics, confirmed in an email to The Real Deal that the company is working on a project at that site. Frankle declined to provide any additional information.
The company’s project may be tied to Tesla’s operations or to its suppliers potentially moving to the area as the company ramps up production.
Link Logistics’ website also noted that it positions its facilities strategically, “addressing the need for last-mile distribution with scale in key metro areas, and serving companies from e-commerce giants to local specialty businesses.”
The firm already oversees roughly 6 million square feet across 73 industrial properties in the Austin metro, out of the 534 million square feet it has in the U.S. The firm’s footprint also stretches to the Dallas-Fort Worth metro, Houston and San Antonio, according to its website.
Tesla, led by billionaire Elon Musk, formally launched production at its Austin factory earlier this month where it will eventually manufacture the Cybertruck, Model 3, Model Y SUV and Semi tractor-trailer. Tesla also relocated its corporate headquarters there late last year from Palo Alto, California, following a wave of company moves to the Lone Star State during the pandemic.