Titan Development to Break Ground on Facility for Ovivo in Hutto, Texas
Ovivo, a global water and wastewater treatment company, will build and operate a 110,000-square-foot manufacturing plant as part of the growth unfolding at Innovation Business Park, led by the Hutto EDC in partnership with Titan Development. Construction is expected to be completed in the fourth quarter of 2022.
Hutto is ideally situated north of Austin, within the Austin MSA, providing access to a population of more than two million residents. The city is also near prominent rail lines and the Austin Bergstrom International Airport, and the site is also easily accessed from State Highway 130 and the Interstate 35 corridor via U.S. Route 79.
"We believe the partnership of Titan Development and Hutto has created a very attractive site for Ovivo and other growing companies needing to expand their operations," said Joe Iannacone, Austin-based Senior Vice President at Titan Development. "Titan's Business Park's great infrastructure and access to major roads, along with Hutto's experienced workforce in the Austin MSA, combine to create a compelling opportunity for fast-growing manufacturers leading the Texas industrial tech corridor boom."
The Innovation Business Park is funded by Titan's Development Real Estate Fund II, which focuses on investment in industrial and multifamily, and has been developed with strategic support from the City of Hutto since 2016. Phase 1 of the site spans over 68 acres with five completed facilities, and the last site remains under development. Following on the success of Phase 1 at Innovation Business Park, the firm has closed on 100 additional acres of land to build up to six industrial buildings for Phase 2.