Mark IV Capital tentatively plans to break ground on Round Rock, Texas' first Class A office space, which will be the second building at The Summit at La Frontera office park. Mark IV Capital, which plans to begin construction this summer, purchased the land for the new building plus the adjacent Summit I office building in October 2013 from a partnership of Moore & Associates Inc. in Austin and CenterSquare Investment Management in Plymouth Meeting, Penn. The 87,000-square-foot Summit I is a Class B property built in 2001, and is almost 9% occupied with tenants including Broadcom Corp., HDR Engineering, Prime Lending and SmartNote. Don Quick & Associates are the listed leasing agents for both properties.
"We are targeting a large user requiring 15,000 to 20,000 square feet or more of Class A office space in Central Texas for Summit II," said Robert Shore of Don Quick and Associates Inc. "We are already working with several companies who are looking to enter the greater Austin area and require this type of office space."
"Round Rock is a magnet for attracting businesses due to progressive city leaders and a pro-business climate," said Justin Basie, asset manager for Mark IV Capital.
For more news and information visit Blumberg Capital Partners.
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