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Crescent's 232,00-sf Avallon Complex Expands, Adding 86,000-sf Structure

AUSTIN-Crescent Real Estate Equities of Ft. Worth likes the odds of adding an 86,000-sf spec office building to its Avallon complex in the city's northwest sector. The area presently has a 4.5% office vacancy rate, which means it most likely won't be empty for long.

By Robert F. Burns | Updated on August 06, 2000

Crescent Real Estate Equities of Ft. Worth is expanding its Avallon complex, adding a three-story, 86,000-sf building to the site in Austin’s northwest sector.

To date, no tenants have formally signed up for space in the complex’s fifth building, but brokers tell GlobeSt.com that BMC Software is the most likely prospect. BMC holds a first option on the structure and presently is the sole tenant in the existing 232,000-sf development at 1415 Morado Circle. The complex consists of four three-story buildings in the city’s high-tech corridor, just off Highway 183 and Braker Lane.

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