The industrial property located at 900 FM 972 in Georgetown has been leased by US Farathane, a major supplier for Tesla and other vehicle manufacturers. The property, measuring 260,000 square feet, is situated within the 231-acre GTX Logistics Park. This lease marks the first significant commitment to the industrial development in Georgetown, highlighting the company's proactive strategy to align with the automotive growth in the region.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: Not specified
• Address: 900 FM 972, Georgetown
• Market: Georgetown
• Tenant: Andy Greenlee - US Farathane
• Landlord: Jeremy Rydberg & David Karr - Green Point Property Company
• Brokers: Chase Clancy & Travis Hicks - Colliers International

The decision to lease this property in Georgetown is driven by its proximity to key automotive hubs, making it an ideal choice for expansion. US Farathane's commitment to occupying this space in GTX Logistics Park showcases their dedication to aligning with the automotive industry's growth in the region.