ZT Systems has quietly locked in a massive industrial lease north of Austin, taking down one of the region’s largest speculative warehouse buildings in Georgetown. The move expands the company’s footprint in Williamson County after it set up a manufacturing site in the city in 2023, and it shows that big, modern shells near I-35 and State Highway 130 are still very much in demand.
According to the Austin Business Journal, ZT will occupy a speculative industrial building developed by EQT Exeter inside the GTX Logistics Park. The publication reports that the commitment ranks as one of the largest single-building leases in recent north Austin industrial activity, although the lease terms have not been disclosed.
Developer and the Building
EQT Exeter says it has been actively acquiring and repositioning large industrial properties around Georgetown. GTX Building 2, an EQT Exeter and CADRE Industrial project, broke ground in December and is expected to deliver roughly 412,470 square feet of speculative space for distribution and manufacturing, according to Community Impact.
ZT’s Georgetown Base
ZT Systems purchased NorthPark35 Building 6 at 101 Velocity Drive in October 2023 and has used that site as a domestic manufacturing hub, according to reporting by CoStar. The company said the facility would support assembly and testing for servers built for cloud and AI customers and could scale to roughly 1,500 jobs, per a ZT Systems press release.
What the Lease Could Be For
ZT Systems has not publicly detailed how it plans to use the newly leased building. The Austin Business Journal reports that the space could support the company’s Georgetown factory or serve as logistics staging for data center clients. Regardless of the exact use, the deal is another sign that large speculative projects in the Austin exurbs are still landing tenants.
Georgetown’s Industrial Pull
Georgetown and the larger Williamson County area have been attracting major industrial projects, from automotive suppliers to solar and data center vendors, as developers and landlords position product near I-35 and SH-130, The Real Deal reports. That clustering helps explain why firms like EQT Exeter are rolling out big speculative shells and why tenants keep stepping in…