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
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.
“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
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.
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.
The eagerly awaited moment has arrived: In-N-Out Burger opened in Round Rock on Tuesday, December 3rd and the response was nothing short of ecstatic. This is the first In-N-Out location in Central Texas to open its doors for business after the burger chain made their first Texas debut in the Dallas-Fort Worth Metroplex in 2011. Long lines of people and cars offer a warm welcome to the family-owned business and are likely to continue until excitement calms. The expansion will not end here. Both Austin and Cedar Park are expected to have locations open by the first of the year, and San Antonio is rumored to be next in line.