Real estate investment and land asset management company Walton Global announced in a statement it sold 681 acres in San Marcos to SafeHand Holdings LLC. Terms of the deal were not disclosed.
San Marcos is about 35 miles south of Austin and home to Texas State University. The acreage, called Turner Crest, is part of a master plan that includes a mix of commercial and residential space as well as parks and trails, according to Walton Global.
SafeHand, which does not have a website or any public-facing information about its business or transactions, was represented by TRE Commercial’s Richard Harmon in the deal, according to Walton Global.
“We are pleased to continue our support in this expanding region where we know there is high demand for land for real estate, industrial and commercial development,” David Peter, Walton Global’s executive vice president of special projects, said in the statement. Turner Crest is located in Caldwell County and sits along state Highway 142. The land’s proximity to Highway 130 and Interstate 35 means any development on the site is accessible along the Austin-San Antonio Corridor.
The Austin-San Antonio Corridor has been in development since the 1990s and mostly covers the area surrounding Interstate 35 south of Austin and north of San Antonio. The corridor is considered a major route for commerce and trade, particularly for goods coming from Mexico or the Texas Gulf Coast and into the Lone Star State.
San Marcos is halfway between Austin and San Antonio. The labor force in San Marcos grew nearly 46% over the past decade, outpacing Austin’s 34.4% and San Antonio’s 17.4% during that time, according to Chmura Economics & Analysis, a labor market analysis company.
Some companies setting up shop along the Austin-San Antonio Corridor are Amazon, Best Buy, Costco, FedEx, IronOx, Lowe’s, Urban Mining Co. and Visionary Fiber Technologies.