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LTO Real Estate Funds has acquired a 24-acre industrial site in Northeast Austin's Pflugerville submarket, strategically located at the intersection of Cameron Road and SH-130. This is ALTO's sixth industrial ground-up project and marks a significant milestone in its expansion across the Texas logistics market.
The opportunity arose in mid-2024 and evolved into a structured transaction by year-end. After nearly two years of complex permitting, ALTO secured permits and plans to break ground on two 126,000-square-foot rear-load industrial buildings in Q3 2025. Each facility will feature 32-foot clear heights, 130-foot truck courts, and accommodate up to four tenants per building.
The site benefits from its proximity to major tech giants, including Tesla's Giga Texas factory, Samsung's semiconductor fab, and Apple's $1B campus. Amazon is expanding its logistics network along SH-130, while Microsoft is growing its data center and office footprint across the metro.
"We're proud to bring this well-located site into our pipeline," said Iman Haddad, Head of Development. "The site's proximity to key infrastructure and global tech giants makes it a highly strategic addition to our portfolio." Yaniv Melamud, Co-Founder and CEO, added that the acquisition aligns with ALTO's focus on investing in logistics centers and open-air shopping centers in high-growth U.S. markets.
ALTO Real Estate Funds focuses on investing in and developing logistics centers and open-air shopping centers in high-growth U.S. markets. Over 15 years, the Fund has raised approximately $560 million across four funds, acquired 79 properties totaling 15 million square feet, and achieved 50 successful exits.
