Search
 

Endeavor, JER Partners Make 20-Acre Buy for $55-Mil Office Project

AUSTIN-Another office project is in the works for the scenic Bee Cave Road, Austin's gateway to the Hill Country. Coming out of the development gate is a 20-acre, $55-million project by Endeavor Real Estate and JER Partners.

By Connie Gore | Updated on February 13, 2001

AUSTIN-Endeavor Real Estate Group and its Los Angeles-based partner are masterminding a 20-acre, $55-million office project for the Bee Cave Road summit.

Ground will not break before fall on the two-building project and shared garage that could bring as much as 325,000 sf to the Austin market, Bryce Miller, Endeavor principal, told GlobeSt.com. Endeavor and JER Partners have just acquired the property from Austin Engineering, which owned the undeveloped acreage for 15 to 20 years.

“The intent is to have a pre-lease in place for a portion of the building” before earth is moved, says Miller. The projected cost includes the land buy.The project is guaranteed to be a class-A development in a corridor that literally serves as the gateway to the spectacular Hill Country. And, says Miller, “it’s one of the few sites in west Austin that has immediate access onto (Loop) 360 as well as access onto a major east to west thoroughfare.” Austin’s east-west development has been limited because there are only three major arteries feeding that traffic flow.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.