The Terrace I and II Fully Occupied; Anchor Deals Close for Two More Buildings

AUSTIN-The Terrace, a multi-use development off Mopac Boulevard and Loop 360, has reached 100% occupancy in its first two completed buildings, a leasing agent told GlobeSt.com.

“We expect Terrace III and IV to be anchored up and partially leased soon,” says Mark Greiner, an agent with Colliers and Oxford Commercial Inc., the company that leases office space for the seven, planned office towers. The Claydesta Corp. of Midland is the developer of the 109-acre property, which is situated on a plateau with views of downtown Austin.

Though no leases have been signed for Terrace III or IV, Colliers Oxford has identified tenants, according to Greiner. The project completion date is set for 2002. This year, Colliers Oxford moved from its Congress Avenue offices to occupy 10,000 sf on the ground floor of Terrace II. SigmaTel also recently signed to occupy 25,000 sf on the fifth floor of the same building. Page Sutherland Page is the architect for Terrace II.