AUSTIN – (Realty News Report ) – A joint venture of Patrinely Group and USAA Real Estate will develop a four-story office building in northwest Austin – the third phase of the Aspen Lake development.
The 129,000-SF project, set to begin construction in the Spring of 2020, is a build-to-suit for Q2 Holdings Inc.
The building, called the Aspen Lake Three office development, will be located at 10355 Pecan Park Boulevard.
“We are pleased to announce that our long-term relationship with Q2 has resulted in another lease for the company’s operations,” said Robert Fields, president and CEO of Patrinely Group.
In 2011, Patrinely Group and USAA Real Estate acquired a Class A, vacant 205,000-SF office building and two adjoining land parcels in northwest Austin. After leasing the existing building, Aspen Lake One, to full occupancy, including a lease to Q2, Patrinely Group subsequently developed Aspen Lake Two for Q2 in 2015. The building is located in the burgeoning North Austin tech hub and near Apple’s new campus. Q2’s offices in Aspen Lake One, Aspen Lake Two and Aspen Lake Three is designed to function together and provide a high-tech corporate campus environment for the digital banking company.
Aspen Lake Three will be a four-story, LEED certified office building with large floor plates designed to facilitate efficient and flexible space planning, ample parking and a rich landscape for a park-like environment. Neighboring corporations include IBM, Apple, VISA, and others.
JLL’s Will Douglas, Russell Young and Harrison Schuhmacher represented the tenant. Ben Tolson with Aquila Commercial represented the landlord, under the direction of Patrinely Group’s Dennis Tarro.
Jan. 25, 2020 Realty News Report Copyright 2020
A BOOK for THE NEW YEAR – by Ralph Bivins, Editor of Realty News Report
Houston 2020: America’s Boom Town – An Extreme Close Up
Available on Amazon http://tiny.cc/4a2g6y