CarrAmerica Initiates Work on 192,000-SF Build-to-Suit for Harcourt Brace Subsidiaries

Construction is under way on CarrAmerica Realty Corp.’s 192,000-sf build-to-suit in Braker Pointe, a 30-acre project located at the northwest corner of Braker Lane and MoPac Expressway. This is the developer’s second major undertaking this year in Austin.

CarrAmerica, a Washington, D.C.-based real estate firm, told GlobeSt.com the Braker Pointe seven-story building is the first of a trio of proposed structures, bringing a total of 360,000 sf to the market. The other structures will consist of 73,000 sf and 98,000 sf. Meanwhile, CarrAmerica plans to sell the site’s corner parcel for a full-service hotel development.

The build-to-suit structure, which is expected to be completed next summer, will house Harcourt subsidiaries Steck-Vaughn Co., a publisher of supplementary educational materials, and Holt Rinehart and Winston, which publishes educational materials. Real estate brokers say Steck-Vaughn currently occupies 60,000 sf in a building located about a mile west of Braker Pointe in Quarry Lake Business Center. Holt Rinehart is officing at 1120 S. Capital of Texas Highway.