Don Quick News Archives - Don Quick & Associates

Sanchez brothers discover real estate success — even when competing with each other

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By Jan Buchholz     February 23, 2017

View the story on the Austin Business Journal website

Two brothers from a large Round Rock family have found their career niche competing — and sometimes collaborating — with each other on commercial real estate deals in the retail sector.

Michael Sanchez, 34, of Don Quick & Associates Inc. and Gabe Sanchez, 31, of Weitzman never expected to be in the same business let alone have ample opportunity to work together. But that’s how the plot unfolded.

“We try to do as much business as we can together,” Michael Sanchez said. “Even though we work with competing firms what we do is very complementary.”

They both know the restaurant business inside and out. Michael even attended Le Cordon Bleu College of Culinary Arts. Their parents operated a Round Rock eatery for years.

“(My parent’s) restaurant was Michael’s Tacos,” Michael said. “I am the first-born so I had the honor of having it named after me.”

When their parents retired, Michael opened his own iteration of Michael’s Tacos in February 2010, but sold it in March 2012 after the death of his mother. After the emotional loss of the family matriarch, Michael took some time off.

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Article photo by ARNOLD WELLS

Don Quick & Associates, Inc. Brokers 237 Acre Land Deal with the City of Pflugerville

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Sports complex planning kicks off following land acquisition

Pflugerville approves nearly $4.3 million for facility site

By Emilie Shaughnessy      September 30, 2015

View the story on the Community Impact Website

The city of Pflugerville approved the purchase a 238-acre property in August for a new athletic complex that could include up to 24 fields. The purchase comes nearly two years after a study determined the city needed to build such a facility to accommodate its growing youth sports leagues.

City Council approved the acquisition of the $4.276 million Rosa Pfluger Tract off Cameron Road on Aug. 25 and is requesting bids from architecture and engineering firms interested in designing the sports complex. The site is large enough to also include a community park and nature areas, Mayor Jeff Coleman said.

“This gives us a lot of acres to grow into,” Coleman said. “The topography is beautiful. It has elevation changes, and it has a creek running through it. It gives the planners a lot of possibilities.”

Coleman said he hopes to see final design plans for the site by early next summer. The city will begin developing the southern portion of the property into athletic fields and spend the next decade turning the rest of the land into a recreation destination, he said.

The land purchase is funded through an $11 million bond voters approved in November for a sports complex, according to city officials. At the time of the bond, the city was considering several locations for the complex but had not selected a site, officials said.

Jesse Pedraza, president of the Pflugerville Area Youth Soccer League, said the new complex cannot come soon enough. Currently the league only has dedicated practice space for its competitive teams and has to share public park space with other organizations.

“I don’t know what it is, but [the Pflugerville area] is a magnet for soccer clubs,” he said. “We’re pretty much on top of each other trying to find practice space.”

Pedraza said PAYSL enrolls about 1,400 children and has been growing by about 9 percent each season.

“If we grow more we just don’t have anywhere to put more teams,” he said. “It’s a good problem to have, I guess.”

In addition to the soccer clubs, there are baseball, football and other sports leagues vying for practice space at Pflugerville’s city parks, middle schools and elementary schools.

Pflugerville Little League President Michael Owens said his organization is in a challenging position because its complex is not city property. Although PLL is also short on practice space and in need of several facility improvements, it must rely on participant fees and concessions to fund the program.

Owens said he hopes the new complex will allow PLL to relax its fees and take some of the burden off board members, who Owens said spent Labor Day fixing plumbing issues in the complex’s restrooms.

“It’s all stuff we are responsible for maintaining,” he said. “The new complex will be great, but [the time span] from purchasing to actually breaking ground still puts us off for years.”

Coleman said a new sports complex was his top priority when running for re-election and that the city will continue to make it a primary goal.

“We promised citizens we would create a sports complex because we are in desperate need of [practice and game space],” he said. “I’m very pleased it’s going to be well on the road while I’m mayor, and we’ll be able to enjoy it after I’m mayor.”

Cortec Precision Sheetmetal Breaks Ground at 130 Commerce Center, Pflugerville

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CORTEC PRECISION SHEETMETAL BREAKS GROUND AT 130 COMMERCE CENTER, PFLUGERVILLE

PFLUGERVILLE, Texas (April 15, 2016)—The Pflugerville Community Development Corporation (PCDC) today announced that Cortec Precision Sheetmetal Inc. broke ground this week on an approximately 120,000-square-foot building planned for its new location at 3801 Helios Way in Pflugerville. Cortec plans to occupy 60,000 square feet, and the additional 60,000 square feet will be available for lease.

Exterior construction on the building is expected to be complete this fall, and Cortec plans to relocate its 120 full-time employees to Pflugerville early next year.

The high-quality sheet metal business is family owned and operated and was founded in 1975 in San Jose, Calif., where the company headquarters are located with a staff of more than 300.

Cortec will make a $20 million capital investment in this new location at 130 Commerce Center, a rapidly growing mixed-use development at the southwest corner of SH 130 and Pecan Street in Pflugerville.

The Pflugerville Chamber of Commerce held a groundbreaking ceremony April 14. Chamber President and CEO Patricia Gervan-Brown spoke about the significant growth of Pflugerville, and PCDC Executive Director Amy Madison welcomed Cortec to the community. Pflugerville City Councilman Brad Marshall and Texas Regional Director from the office of U.S. Sen. Ted Cruz (R-Texas) Carl Mica also spoke at the event. Lastly, Cortec General Manager Richard Corrales discussed his excitement to move and expand his business in Pflugerville.

“We are so proud to see a longtime Pflugerville resident make such a substantial investment in our community, where we will support him and celebrate his continued success after more than 40 years in business,” Madison said. “This is a great day for Pflugerville and we want to offer you a sincere ‘welcome home’ to all of you at Cortec.”

Approximately two years ago, Cortec purchased an 8-acre tract of land from the PCDC for this project. Though the PCDC offered up to $228,000 in incentives to Cortec and sold the land at a reduced cost, the economic development corporation secured more than $500,000 in net profit in the sale of the land even after all incentives are paid to the company.

According to a 2014 study conducted by Austin-based Impact DataSource, during the next 15 years Cortec’s move to Pflugerville will generate at least 200 permanent direct and indirect jobs, result in $19 million taxable sales and purchases within Pflugerville, and generate $20 million in additional tax revenue for the City of Pflugerville.

 

About the Pflugerville Community Development Corporation

The Pflugerville Community Development Corporation promotes Pflugerville as a desirable place for new businesses to operate. The organization also supports existing businesses by helping to address their needs. PCDC can provide funding for use as an incentive to businesses to begin doing business in Pflugerville. PCDC funds, which are 4B money generated from a half-cent of the city’s sales tax revenue, can also be used to construct needed infrastructure such as roads, utilities and drainage projects. Located 16 miles northeast of Austin and just south of Round Rock, Pflugerville is well-situated in Central Texas. New state highways 45 and 130 and Interstate Highway 35 all offer direct access to other nearby cities and the region’s main airport. For more information, visit www.pfdevelopment.com.

California developer plans high-end office space in Round Rock

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Newport Beach, Calif.-based Mark IV Capital tentatively plans to break ground on Round Rock’s first Class A office space beginning this summer. The 82,000-square-foot building will be the second building at The Summit at La Frontera office park near the intersection of Hesters Crossing Road and La Frontera Boulevard.

The architect, engineer and general contractor have yet to be selected.

Mark IV Capital purchased the land and the adjacent Summit I office building in October 2013 from Maryland-based Moore & Associates Inc. The 87,000-square-foot Summit I is a Class B property built in 2001. It’s almost 95 percent occupied with tenants that include Broadcom Corp., HDR Engineering, Prime Lending and SmartNote.

Robert Shore of Don Quick and Associates Inc. represents Mark IV Capital with the leasing of Summit I and the preleasing of Summit II.

“We are targeting a large user requiring 15,000 to 20,000 square feet or more of Class A office space in Central Texas for Summit II,” Shore said. “We are already working with several companies who are looking to enter the greater Austin area and require this type of office space.”

This is Mark IV Capital’s first investment in Austin. The company researched the Austin market for about 10 years before committing capital here.

“Round Rock is a magnet for attracting businesses due to progressive city leaders and a pro-business climate,” said Justin Basie, asset manager for Mark IV Capital.

Mark IV Capital is active in real estate acquisitions and developments in Phoenix, Denver, Las Vegas and Southern California.

Jan Buchholz, Austin Business Journal (Follow her on Twitter)

Don Quick and Associates Brokers $4.1 Million Land Sale for New FedEx Facility in Pflugerville

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DON QUICK AND ASSOCIATES BROKERS $4.1 MILLION LAND SALE FOR NEW FEDEX FACILITY IN PFLUGERVILLE

Broker Charles Harvey secures international buyer for 33-acre tract at 130 Commerce Center.

 

ROUND ROCK, Texas—Commercial real estate firm Don Quick and Associates, Inc., today announced that Charles Harvey, a vice president with the firm, brokered a $4.1 million land sale representing the seller, the Pflugerville Community Development Corporation (PCDC.) The 33-acre tract is located within 130 Commerce Center, a mixed-use development under construction at the southwest corner of SH 130 and Pecan Street in Pflugerville.

Scannell Properties, which develops and owns FedEx locations all over the U.S., closed March 4 on the land purchase from the PCDC. Scannell will oversee construction of a 250,000-square-foot facility on the property, then will lease the entire building to FedEx Ground.

Harvey marketed this tract of land to Scannell and FedEx, showcasing the immediate access to SH 130 in one of the only communities with utilities in place along the tollroad.

“Scannell was looking for a large enough tract of land for FedEx Ground to expand and construct a new facility, and immediate highway access to ensure prompt shipment deliveries was key,” Harvey said. “The PCDC was targeting a user that needed a strategic location with highway access, and one that would be complementary to the other businesses located at 130 Commerce Center. FedEx turned out to be the perfect fit.”

The FedEx tract was the last remaining industrial land within the first phase of 130 Commerce Center.  We continue to market the 130 Commerce Center as a regional development, in what’s been proven as a strategic location, with three additional phases at the intersection of SH 130 and Pecan.  The subsequent phases range in size from 70 to 400 acres.

Though the PCDC sold the land at a discount as part of an economic development initiative, the 4B corporation cleared a net profit of $2 million on the sale of the land.

The relocation to 130 Commerce Center, expansion and consolidation of offices will make the new Pflugerville location the largest FedEx Ground facility in Central Texas.

The 33.424-acre tract of land was sold for $4,096,250.

Press contact:
Amy Stansbury
March 7, 2014
Stansbury Public Relations
512-968-4511
amy@stansburypr.com

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