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Alliance Industrial Co. has sold the 1.4 million-square-foot 35 Kyle Logistics Park in Kyle, Texas, to MDH Partners. The property is 100 percent leased to electric vehicle maker Tesla, which uses it for storage and light assembly in support of its gigafactory in Austin.

Completed in 2023 as a spec development but quickly leased by Tesla, the property consists of five buildings ranging from 140,300 to about 474,400 square feet. The facilities feature 36- to 40-foot clear heights, ESFR sprinkler systems and parking.

JLL Capital Markets represented the seller in the deal. The team included Senior Managing Director Trent Agnew, along with Senior Directors Witt Westbrook, Kyle Mueller, Charlie Strauss and Tom Weber. Considering the location and the ironclad quality of its tenant, the property attracted a lot of investor interest, according to Agnew.