Exclusive Flex Space Development Investment Offering For Select Accredited Investors.
Low-Vacancy
Short Development Timeline
Easy To Build
High Profit Margins
High Rent
As an underbuilt asset, flex space offers one of the safest investment opportunities, with the added advantage of quicker returns compared to other commercial real estate verticals.
Flex space, which combines warehousing with office space, offers flexibility that appeals to small companies. Many smaller businesses want their office and warehouse in the same location and are moving into flex space to avoid having to maintain separate office and warehouse locations.
Currently, flex space is underbuilt. It boasts low vacancy rates and strong profit margins. At a time when multifamily, office, and other assets are not considered safe bets, flex space development emerges as one of the safest investments.
Exclusive Deal Flow And Investment Opportunities
At Land Play- We Are The Premier Flex Space Developers
Low Vacancy: There isn't enough flex space being built, and small companies are having trouble finding the office/warehouse space they need.
Short Development Timeline: Land Play uses prefabricated metal buildings with a short 4-6 month development timeline.
Easy to Build: Flex space is essentially a preassembled metal structure on a concrete pad, making it much simpler than a complicated multifamily development.
High Profit Margins: Land Play works with inhouse, trusted contractors, ensuring safer developments and more favorable profit margins.
Flex Space Development
Manager Alec McElhinny recent appearance on the Accredited Investor Podcast. Talking about exclusive deal flow in Texas hottest growth market.
Target 22% IRR- Flex Industrial Development In Booming Texas
Texas Fastest Growing Market
Why New Braunfels?
1. Mayfair – A 1,900-Acre Master-Planned Community
One of the largest commercial and residential projects in Comal County’s history is Mayfair, a 1,900-acre master-planned community on the north side of New Braunfels near I-35.
Scope: 6,000 homes, 330 acres of parks, 35 miles of trails, four schools, and over 200 acres of commercial space
Retail & Business Space: Includes major retail stores, restaurants, office space, and entertainment centers to serve the growing population
Timeline: Construction is already underway, with full buildout expected over the next 15 years
Economic Impact: Expected to bring thousands of jobs and drive further commercial investments into the region
The development is designed to meet the demand for housing and retail space as New Braunfels continues to expand. Businesses looking for prime commercial real estate will find Mayfair an ideal location due to its direct access to I-35 and proximity to San Antonio and Austin.
2. Veramendi – A 2,400-Acre Mixed-Use Development
Another massive commercial and residential project, Veramendi is a 2,400-acre mixed-use development located off Loop 337 in New Braunfels.
Commercial Growth: The project includes retail shopping centers, restaurants, office buildings, and entertainment hubs
Community Features: Ballparks, community centers, playgrounds, and public parks to create a live-work-play environment
Corporate Presence: Several businesses have already secured space, including healthcare facilities, tech offices, and hospitality venues
As New Braunfels continues its explosive growth, Veramendi is positioning itself as a premier location for businesses looking to tap into one of the fastest-growing consumer bases in Texas.
3. The Dittlinger Mill Redevelopment – A Historic Transformation
A landmark project bringing new life to a historic site, the Dittlinger Mill Redevelopment is set to transform the 100-year-old New Braunfels landmark into a modern mixed-use development.
Vision: Luxury apartments, boutique shops, restaurants, and creative office spaces
Location: Just minutes from Downtown New Braunfels, making it a prime spot for high-end commercial ventures
Significance: Preserving history while creating a modern destination for locals and tourists
This project is expected to boost tourism, drive local spending, and create a vibrant commercial district that blends history with modern commerce.
4. Creekside Town Center Expansion
One of New Braunfels’ most successful retail destinations, Creekside Town Center, is expanding with new retail, dining, and entertainment venues.
Current Tenants: Home to brands like Best Buy, Target, Hobby Lobby, and Buc-ee’s
New Additions: The expansion will include more restaurants, specialty retailers, and entertainment options
Location Advantage: Located off I-35, it attracts shoppers from San Antonio, Austin, and surrounding Hill Country towns
With increasing traffic and growing demand, Creekside’s expansion is set to make New Braunfels a major regional shopping destination.
5. Industrial & Logistics Parks – The Future of Comal County’s Economy
Beyond retail and entertainment, Comal County is seeing significant industrial growth to support distribution, logistics, and manufacturing.
New Braunfels Industrial Park – 500-acre development catering to manufacturing and logistics businesses
Titan Industrial Park – Warehouse and distribution hub serving growing e-commerce demands
Significance: These developments will create thousands of jobs and establish Comal County as a major logistics center for Central Texas
With its strategic location along I-35 and I-10, Comal County is attracting national and international companies looking for distribution centers close to major markets.
6. I-35 Expansion: Improving Connectivity Between Austin & San Antonio
With Comal County situated directly between Austin and San Antonio, the I-35 corridor has become one of Texas’ busiest and most crucial highways.
Expansion Plans: TXDOT is investing in a multi-billion-dollar project to widen I-35 and add new lanes
Purpose: Reduce congestion and improve commercial transportation routes for businesses
Impact: Faster access between New Braunfels, San Antonio, and Austin will make Comal County an even bigger economic hub
With major developments like Mayfair and Veramendi taking shape, this expansion will ensure businesses and consumers can travel efficiently between major commercial areas.
Meet The Seasoned Managers
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Alec McElhinny
Managing Partner—CEO
Alec McElhinny has completed tens-of-thousands square feet of industrial value-add projects and develops flex space. With a math degree from the University of Minnesota and actuarial experience at Securian Financial, he specializes in financial analysis and cost-efficient development. Alec is also passionate about architecture.
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Jonathan Tuttle
Partner—COO
Jonathan Tuttle brings over 15 years of experience in commercial real estate and mobile home parks, previously serving as President of the nation’s largest MHP brokerage. He hosts the Accredited Investor Podcast and now leads investor relations at Land Play, where he plays a key role in building investor relations.
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Hari Pullakhanda
Partner—President
Hari Pullakhanda is a retail developer based in Austin, Texas. He owns a successful IT company, manages an Airbnb portfolio, and actively entitles land for future development. With a wide range of experience, Hari brings valuable support and strategic insight to Land Play.
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Victor Wagner
Partner—CFO
Victor Wagner is a seasoned real estate investor and CPA with a strong background in financial management. He has served as the CFO for million-dollar funds and as a Senior Auditor at the IRS. Specializing in real estate tax solutions, Vitor brings a wealth of expertise to his work in the industry.
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Bruce Raney
Partner—Board Advisor
Bruce Raney has been a developer and general contractor in Austin for over 20 years, specializing in building Walmarts, RV parks, industrial, and flex space. He brings extensive construction experience, offering deep expertise in the local market and building practices.
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Holland Wiler
Advisor
Holland is the lead broker and owner of Wiler Associates, with over 25 years of experience advising developers in the Austin area. He specializes in acquiring raw land, negotiating deals, and navigating the entitlement process to bring sites to a shovel-ready state.
Learn More About Our Exclusive Investments
At Land Play we are selective on the investors due to the outsized demand. Accredited Investors fill out this form to apply.
HOW WE’RE DIFFERENT FROM OTHER FLEX
I-35 Access & Visibility: Direct access and frontage on I-35 offers unbeatable visibility and logistics— where no comparable flex is currently available.
Premium Product: Only product in the market with full HVAC, modern windows, and Class A built on a budget.
Three Product Types: Flex, IOS, and Retail Flex—are all currently under-built and prevent oversaturation by attracting a wide range of tenants.
High Growth Markets: Strategically placed in the fastest growing market in Texas.
