AUSTIN – A joint venture between Patrinely Group and USAA Real Estate will develop a four-story office building in northwest Austin as the third phase of the Aspen Lake campus.
The 129,000-square-foot project, slated to begin construction in spring 2020, is a build-to-suit for Q2 Holdings, Inc.
Named Aspen Lake Three, the office building 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-square-foot office building and two adjacent land parcels in northwest Austin. After leasing the original building—now Aspen Lake One—to full occupancy, including a lease to Q2, Patrinely Group developed Aspen Lake Two for Q2 in 2015. Situated in the growing North Austin technology corridor and near Apple’s new campus, the Aspen Lake buildings are intended to operate together as a cohesive, high-tech corporate campus for the digital banking company.
Aspen Lake Three will be a LEED-certified, four-story office building featuring large floor plates to support efficient and flexible space planning, abundant parking, and a landscaped, park-like setting. Nearby corporate neighbors include IBM, Apple, and Visa, among others.
Tenant representation was handled by JLL’s Will Douglas, Russell Young, and Harrison Schuhmacher. Ben Tolson of Aquila Commercial represented the landlord, under the direction of Patrinely Group’s Dennis Tarro.
Jan. 25, 2020 Realty News Report © 2020
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