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enior Vice President & Director of Research at REOC Austin

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New office building in Round Rock will double available Class A office space

With the ground breaking of Mesa Creek, a new 60,000-square-foot Class A office building to be completed by April or May of 2018, Round Rock will double its available Class A office space. …Read Entire Post

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Water park, hotel and conference center slated for Round Rock

Kalahari water park, resort coming to Round Rock.

Kalahari water park, resort coming to Round Rock.

The city of Round Rock announced June 15 it is working with a company to bring a destination hotel, conference center and water park to the city in a move that city leaders are saying could turn Round Rock into a tourist destination.

The Round Rock location will feature up to 1,000 guest rooms, indoor and outdoor water parks, and a convention center. The development will also include additional entertainment, recreation and other mixed uses on 334 acres on Hwy. 79 across from the Dell Diamond and Old Settlers Park, according to city documents. …Read Entire Post

UPS to build new package distribution facility in Round Rock

UPS distribution facility to begin construction in Round Rock.

UPS distribution facility to begin construction in Round Rock.

UPS will build a new package distribution and warehouse facility in Round Rock following an economic development deal approved by City Council May 12.

The council approved an economic development agreement with United Parcel Service Inc., otherwise known as UPS, to open a warehouse and distribution facility as well as hire at least 314 full-time equivalent employees.

The agreement states UPS will purchase approximately 50 acres of land and invest at least $70 million in facility improvements and personal property. According to a release from UPS, the package processing facility will include automated sorting systems and will house approximately 300 UPS delivery vehicles. The Round Rock building is expected to open at the end of 2018. …Read Entire Post

Scott & White Cancer Care facility breaks ground in Round Rock

Baylor Scott & White Cancer Center - Round Rock

Baylor Scott & White Cancer Center – Round Rock

Baylor Scott & White recently broke ground on a new 100,000-square-foot, four-story facility which will house its new cancer center.

The new facility will be located at the southwest side of Baylor Scott & White Medical Center at 300 University Blvd., Round Rock.

Baylor Scott & White Cancer Center—Round Rock will offer enhanced cancer diagnostic and treatment services, cancer screenings, diagnosis, treatment, and long-term monitoring in one location. …Read Entire Post

Steady growth of commercial sector signals strong economy

Round Rock is logging its second straight year of strong commercial development as shown by 29 new commercial building permits submitted to the city through the first half of 2013-2014 fiscal year.  Local experts are seeing the trend as reason enough to call the recession, which still lingers in other areas of the country, a closed chapter in the city’s history.

The number of building permits is a prime indicator of economic health for a city, and Round Rock’s Planning and Development Services Department reviewed a steady stream of them between October and March.

The city reviewed 29 new commercial permits worth about $77.8 million in …Read Entire Post

Round Rock's Boardwalk Shopping Center trades

Madison Capital Management recently sold the Boardwalk Shopping Center (184,598 sf) to a private real estate fund advised by Crow Holdings Capital – Real Estate for an undisclosed price.  The well-occupied retail center is located at 2551 I-35 S near the intersection of I-35 and State Highway 45 in Round Rock.

Boardwalk, built in 1996, was reportedly 98.6 percent occupied at the time of …Read Entire Post

REOC Austin facilitates sale of multi-family land tract in Round Rock

REOC Austin recently facilitated the sale of Arrington Ridge, a 15.956 acre tract of land located at 599 University Boulevard in Round Rock, Texas.  REOC Austin’s Kurt VanderMeulen, Senior Vice President, Commercial Property Specialist, represented the buyer, an affiliate of Greensboro, North Carolina-based Carroll Capital Investments.  Jerry Winetroub of the Jerald Winetroub Company represented the seller, Chandler Road …Read Entire Post

Round Rock grows by annexation

Paving the way for new housing and business development, the Round Rock City Council recently approved the annexation of more than 412 acres of unincorporated land along University Boulevard in east Round Rock.

The council also established special zoning standards on the land and set up a development agreement to allow the construction of hundreds of …Read Entire Post

H-E-B opens at University Commons Shopping Center

San Antonio-based grocery retailer H-E-B recently opened its fifth Round Rock store – a new 125,000-square-foot location in the University Commons Shopping Center situated at 250 University Blvd.

H-E-B expects to hire more than 300 employees to staff the new store.

In addition to full-service meat and seafood departments, a full-service …Read Entire Post

California firm buys The Summit at La Frontera

TheSummitatLaFronteraThe Summit at La Frontera (87,186 sf), a Class A office building located at 810 Hester’s Crossing Road in Round Rock, recently sold to a California-based private family investment firm.  The seller was a partnership of Moore & Associates Inc. in Austin and CenterSquare Investment Management in Plymouth Meeting, Penn. …Read Entire Post