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Koll-Harbert JV Begin 448,550-SF Spec Plan

AUSTIN, TX-The JV starts work on Northpointe Trade Center, a three-building, LEED-certified project with an all-in development tab of $22 million. Completion is eyed for March 2009.

By Amy Wolff Sorter | Updated on August 11, 2008

AUSTIN, TX-Advancing its $120-million development program, Koll Development Co. and Harbert Management Corp. have begun construction on their second project, Northpointe Trade Center. The three-building plan, estimated at more than $22 million, will add 448,550 sf of spec industrial space to North Austin by March 2009.

The buildings will be positioned on 36.8 acres at 2251 Piccadilly Dr., taking up all but three acres of the JV’s land, according to Randy Touchstone, vice president of the Dallas-based KDC and director of the industrial program. “We could do a build to suit or offer some other option with the site,” he says.

Touchstone says North Austin is an ideal location for the LEED-certified buildings for several reasons. “Land sites that are entitled and ready to go are hard to come by on the north side of town,” he tells GlobeSt.com. “If you look at the activity, it’s mostly on the southeast side of town. We felt this was the right place and the right time for the development.” In addition, he says industrial space in the submarket is rare although the sector overall is healthy in the capital city.

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