la Frontera In the News

Globe Street

November 7, 2002

Coldwell Banker Signs Seven-Year Lease

by Tim Green

ROUND ROCK, TX - Occupancy continues to rise at the Summit, an 87,711-sf building at the La Frontera development, with Coldwell Banker United set to move in. The realty firm, which has a seven-year lease for 5,300 sf, joins Lexmark Inc. and two other companies on the building's first floor.

Art Lish of Coldwell Banker, United Realtors Commercial, represented the firm and Ronnie Landry of Landry Commercial brokered the deal for the building owner, San Antonio-based Koontz-McCombs. Landry tells GlobeSt.com that the Summit's occupancy stands at 17%. "We're seeing good activity," he says. "We have another lease out for negotiation. Activity is at the point where it's materializing in deals."

Coldwell expects to be in its new space by Dec. 14. It's leaving about 4,000 sf in a shopping center in north Round Rock. Lish tells GlobeSt.com that Coldwell looked at a number of places on both sides of Interstate 35 in Round Rock. The 190,000-sf 301 Sundance Parkway was one of the possibilities, but Coldwell crossed it off the list when Texas Guaranteed Student Loan Corp. bought the building for its own use.

About 35 sales associates and four office staff will work in the Coldwell office. The Summit is a two-building complex at 810 Hesters Crossing, and 301 Sundance Parkway, the only completed office buildings in La Frontera, a 328-acre mixed-use development at Interstate 35 and FM 1325.