Article first posted on Austin Business Journal, January 23, 2026.
Another Cedar Park Industrial Building Sold
CapRidge Partners has acquired a fully leased industrial property at Scottsdale Crossing, a master-planned mixed-use development in Cedar Park, Texas.
The 30,000-square-foot property, known as 1615 Scottsdale Crossing Building One, was purchased for $6.75 million.
The property, Building One at 1615 Scottsdale Drive, was constructed in 2018 and is fully occupied by Hill Country Electric, Winston County Water Cooler, and Red Horn Brewery, providing stable in-place cash flow at acquisition.
CapRidge Partners acquired the building from Miami-based real estate investment firm BCA Industrial Partners LLC and Alabama-based industrial real estate developer and manager Growth Capital Partners, according to the Williamson Central Appraisal District.
The industrial building features a shallow-bay layout with rear-load configuration and is located within the 120-acre Scottsdale Crossing development, positioned along the eastern side of State Highway 183, a major transportation corridor connecting Cedar Park and Leander to Austin and extending north toward Oklahoma.
Witt Westbrook, senior director of capital markets at JLL, represented the seller and marketed the property.
This transaction follows the sale of another industrial building within Scottsdale Crossing one month earlier, underscoring continued buyer interest in the development.
Strategic Location and Market Context
Scottsdale Crossing benefits from strong visibility and accessibility. According to commercial real estate data, Highway 183A and its frontage roads each carry approximately 45,700 vehicles per day.
The acquisition occurred as Austin’s industrial market continues to experience elevated vacancy rates amid heightened supply. According to JLL’s fourth-quarter market report, total industrial vacancy stands at approximately 18%, with 8.5 million square feet of new industrial space delivered in 2025, the third-highest annual total on record.
Leasing activity totaled approximately 6.5 million square feet in 2025, while average industrial rental rates declined 1.6% year over year to $11.57 per square foot, reflecting increased competition between existing inventory and new supply.