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Transwestern Starting One Project, Selling Another in Southwest Austin

AUSTIN-It's a build one, sell one strategy at Transwestern Commercial Services. Plans are being finalized to start construction on an office tower in southwest Austin while a sales contract is pending on its Monterrey Oaks in the same submarket.

By Connie Gore | Updated on November 09, 2000

AUSTIN-Transwestern Commercial Services has one project in the hopper in southwest Austin and a sales contract pending on another property in the same submarket.

Details are being fine-tuned for Travis Oaks, a 122,700-sf office tower while the 160,650-sf, five-building Monterrey Oaks Corporate Park is in the process of being sold, Allison Koborssi, Transwestern’s development assistant, tells GlobeSt.com. The Travis Oaks project will be the only property in Transwestern’s southwest Austin holdings once that deal is completed.

Transwestern is in the midst of sending out an investment package for Travis Oaks, situated on 9.98 acres that had been bought earlier this year. No leasing commitments have been signed, says Koborssi, “but we have a lot of prospects.” She says the interest has been piqued by increased activity in the southwest submarket. “It’s a hot market out there right now,” she explains. Meanwhile, there is talk about a possible second phase to the office development, which is flanked by undeveloped acreage.

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