File photo
File photo
With expectations to have the facility up and running by October 2021, a Texas-based real estate developer recently broke ground on a 175,000-square-foot industrial space near San Marcos.
Clovis Baker Service Center is the third speculative space facility for Bearden Investments, according to the Greater San Marcos Partnership. Construction of the facility is projected to involve at least $10 million in investment from Bearden.
“Our first two phases of speculative space investments have been highly successful here in the fast-growing Greater San Marcos region,” Bill Hall, vice president of Bearden Investments, said. “We have found success by offering mid-size facilities and high-quality amenities, which are highly appealing to growing companies in this region.”
The City of San Marcos is offering tax incentives to Bearden Investments, with a 100% property tax rebate in the first year, 75% in the second year and 50% in the third year.
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