Uncategorized Archives - Don Quick & Associates
By Jan Buchholz February 23, 2017
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.
Article photo by ARNOLD WELLS
Sports complex planning kicks off following land acquisition
Pflugerville approves nearly $4.3 million for facility site
By Emilie Shaughnessy September 30, 2015
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
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.
DON QUICK AND ASSOCIATES BROKERS ROUND ROCK LAND SALE TO EAGLE BANK
102-year-old, Texas-based community bank expands to Round Rock, plans to open in November.
ROUND ROCK, Texas—Commercial real estate firm Don Quick and Associates, Inc. today announced that agent Brent Campbell brokered the sale of a 2-acre tract of land in northeast Round Rock to Eagle Bank, which will break ground at 11 a.m. today on a 4,300-square-foot, single-story building at 2260 North A.W. Grimes Blvd. in a Round Rock Chamber of Commerce ceremony.
Eagle Bank, which is a branch of Round Top State Bank, plans to open in November. This will be the community bank’s first location in Round Rock, and the second in Williamson County.
“Even with all the growth northeast Round Rock has recently experienced, there are still more than 1,200 home sites planned for this quadrant of town. Eagle Bank needed a location that provided accessibility in the heart of this growth,” Campbell said. “Eagle Bank is a reputable, trustworthy community bank that has been in business for more than a hundred years and takes the time to get to know their customers. I’m proud to have had a part in bringing a bank that provides this level of personal customer service to my hometown.”
Round Top State Bank is a privately owned community bank with more than $400 million in total assets. The bank was chartered in Round Top, Texas, in 1912. Round Top State Bank acquired Eagle Bank in Jarrell in 2011 and kept the name because of the company’s planned expansion to Round Rock. The Eagle Bank brand will be used in the Austin area.
Johnnie Mikeska joined Eagle Bank in January 2013 as Regional President for the Austin area. He has 25 years of experience in commercial lending and has resided in Taylor for 12 years. Mikeska has worked with Campbell on previous projects, and hired Don Quick and Associates for Campbell’s expertise.
“We had certain specifications for our bank in Round Rock, and we knew Don Quick and Associates was the right firm to find the perfect location to meet our business needs,” Mikeska said. “Brent knows the market extremely well, and he took the time to understand what we wanted to accomplish as a business and presented us with several solid options for a location.”
La Grange-based architecture firm Cutright & Allen, Inc. designed the building, and Cedar Park-based Braun and Butler Construction is the general contractor.
The Round Rock location is the sixth community bank for Round Top State Bank, including the two Eagle Bank locations in Williamson County. Eagle Bank-Round Rock will focus on commercial real estate, farm and ranch, equipment financing, lines of credit, construction and mortgage lending.
About Eagle Bank
Eagle Bank is a branch of Round Top State Bank, a privately owned community bank with more than $400 million in total assets. Round Top State Bank was chartered in Round Top, Texas, in 1912 and specializes in commercial real estate, farm and ranch, equipment financing, lines of credit, construction and mortgage lending. The bank has branches in LaGrange, Giddings, Lexington and Round Top, and two Eagle Bank branches in Jarrell and Round Rock. The nation’s leading bank rating and research firm, Bauer Financial, has given Round Top State Bank the highest rating of Five Stars for 38 consecutive quarters. For more information about Round Top State Bank and Eagle Bank, visit www.roundtopstatebank.com.
March 7, 2014
Stansbury Public Relations
DON QUICK AND ASSOCIATES EXPANDS STAFF,
OFFICE BUILDING IN ROUND ROCK
Forty-four-year-old company adds on to its historic office building to accommodate growth,
expands real estate brokerage services to include Class A office.
ROUND ROCK, Texas—Commercial real estate firm Don Quick and Associates, Inc., today
announced the company is expanding with additional staff and approximately twice as much
office space to accommodate the company’s growth and success providing Central Texas
with office, retail, industrial, land and multi-family commercial real estate services. Construction
is expected to begin next month and be complete in the fall on a 2,300-square-foot, single-story
office expansion at the company’s longtime location in an historic, 160-year-old building at 1000
N. IH 35 in Round Rock.
To support the growth of the business and add significant experience in Class A office and large
industrial sales and leasing, the company added five new members to its team during the past
year, including three commercial real estate agents, a marketing professional and an
administrator. The company has a staff of 14, including brokers, agents and administrative staff,
three of which are D. Quick Commercial Management, Inc., employees who work out of the
Don Quick and Associates experienced record leasing revenue last year.
“During the past four decades, we have developed our reputation and industry relationships
serving the Central Texas commercial real estate market with solid execution and the best
customer service,” said Don Quick, founder of Don Quick and Associates. “Our continued
growth is a testament to the well-rounded team we have built. Our agents and brokers have a
wide range of commercial real estate expertise in Austin, Round Rock, Pflugerville, Leander,
Cedar Park, Hutto, Taylor and Georgetown.”
Don Quick and Associates works with owners and rental tenants on commercial projects of all
sizes in office, retail, industrial, land and multi-family commercial real estate.
Commercial real estate agent Robert Shore joined Don Quick and Associates as vice president
last year. He comes to Don Quick and Associates from Austin-based AQUILA Commercial and
brings substantial industry contacts and experience in Class A office space—a growing segment
for Don Quick and Associates.
Shore is a principle contact at Don Quick and Associates for large industrial and Class A office
“I saw the significant growth and commercial real estate opportunity that lies in North Austin
and the Central Texas suburbs, and no one serves that market better than Don Quick and
Associates,” Shore said. “I joined the team because I support the company’s philosophy of
becoming entrenched in the markets and working hard for clients. It was a perfect fit for me and
for the company.”
Soon, Don Quick and Associates plans to announce the first Class A office space available in
Commercial real estate agents Anya DeNio and Michael Sanchez, marketing professional
Meredith Case and administrative assistant Kay Benson also joined Don Quick and Associates in
the past year.
Don Quick and Associates has operated since 2000 out of an historic building (previously a
home and later, the Inn at Brushy Creek) located off Chisholm Trail Road. Based on historical
records, the building is estimated to have been constructed in 1862.
The office building extension, which was approved in August by the City of Round Rock
Historic Preservation Commission, will be connected to the south side of the existing building.
Architect George Lewis designed the project, and Brad Lean with Truitt Group Commercial is
the general contractor.
About Don Quick and Associates
Don Quick founded his commercial real estate firm in Round Rock in 1970, when the
community had a population of just a few thousand. Today, the 44-year-old company is the
unrivaled leader in commercial real estate sales and leasing serving Austin, Round Rock,
Pflugerville, Leander, Cedar Park, Hutto, Leander, Taylor and Georgetown. Don Quick and
Associates works with owners and tenants on commercial projects of all sizes in office, retail,
industrial, land and multi-family commercial real estate. For more information on our company,
our agents and brokers, and our commercial property listings, visit www.donquick.com.
March 4, 2014 Amy Stansbury
Stansbury Public Relations
Quadra Properties, LLC, located in San Diego, California, purchased a Starbucks and Jiffy Lube located at 2300 S IH-35 in Austin, Texas. The retail property, situated at the corner of Oltorf Street and IH-35, serves the Travis Heights neighborhood. Brent Campbell of Don Quick & Associates, Inc. represented the seller, U.S. Trust, Bank of America Private Wealth Management/ Specialty Asset Management-Real Estate Services. Eagle Bank of Round Rock was the lender for the buyer. This is the second sale made by Brent Campbell in this corridor in the last twelve months for U.S. Trust, Bank of America Private Wealth Management/ Specialty Asset Management-Real Estate Services. The first sale with this group was for a property that backs up to Austin’s Rainey Street, located at 78 East Avenue, which closed in July of 2013.
The Round Rock Sports Center officially opened its doors for business on January 28, 2014. Located at 2400 Chisholm Trail Drive, the Center is expected to be the biggest tourist attraction in Round Rock. The $14.5 million project has created nine full-time and 50-60 part-time positions for employment. The 82,800 SF state-of-the-art indoor sports complex features six basketball courts, twelve volleyball courts, and 47,775 SF of open space. The complex is already generating revenue with contracts for weekend use in place from now until July 2014. Spring is booked from Monday through Thursday for local club sports. The venue can also serve as host to “expos, meetings, speakers and concerts.”
Source: Austin Business Journal
Texas, California, and Florida are leading in the population rise of the Southern and Western states that account for “more than 80 percent of new residents nationwide over the last three years.” California remains the most populous state with 38,332,521 residents, and Texas has held its number two spot with 26,448,193 residents. New York came in third with 19,651,127, however Florida is expected to surpass the Big Apple because its population is growing three times faster and it is less than 100,000 residents behind.
State officials are closely monitoring these numbers because population estimates determine the funding of various federal programs as well as the number of seats that each state holds in the House of Representatives. Texas has the potential to gain 3 congressional seats if the population continues to rise as it has in the last 3 years. Florida, North Carolina, Virginia, and Colorado would each gain one seat which would result in Illinois, Pennsylvania, Ohio, Michigan, Minnesota, West Virginia and Rhode Island losing one. The political clout of a state is largely determined by the “demographic contest”, so as long as population increases follow the recent trend, the spotlight will remain on the southwest.
Source: “Population rising faster in South and West, census data show” by Michael A. Memoli, Los Angeles Times
Austin is in the spotlight for San Francisco real estate companies with a special interest in the tech industry. Drawbridge Realty Trust recently purchased StoneCreek Park, which is located on Duval Road, for $16.9 million. It is a “76,910 square-foot Class A office building with a life sciences bent.” This is not the company’s first purchase in the Austin area. Drawbridge Realty Trust also owns three other local buildings ranging from 12,000 to 118,000 square-feet, all of which are associated with the science, technology, engineering and mathematical fields. Todd Mills, executive vice president for CBRE Group Inc. says, “The reasoning is pretty clear. A lot of these companies only invest in tech markets, so they’ve been invested in Silicon Valley and see what’s happening in Austin.” Drawbridge is among four other major players in the industry from the Bay Area. As long as the Austin market continues to depend on the tech industry for growth, the interest and focus of San Francisco investors is expected to heighten.
Buccholz, Jan. “Bay Area continues to take bits of Austin.” Austin Business Journal 29 Nov. 2013: 7. Print.