AUSTIN (Crimson Real Estate Fund LP) – Crimson Real Estate Fund LP and USAA Real Estate Company have broken ground on Aspen Lake Two, a Class-A office building on the city's northwest side.
Patrinely Group, headquartered in Houston, is developing the 129,000-sf building at the intersection of Lake Creek Pkwy. and Pecan Park Blvd., just east of US 183. Aspen Lake Two is 54 percent preleased to Q2ebanking, a provider of premier electronic banking solutions.
Leasing services will be provided by Austin-based AQUILA Commercial LLC. Crimson Services will manage the property.
The building, designed by Gensler, is scheduled for completion this fall. Harvey Builders is handling construction.
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