Olympus mounts 130,000 SF in Pflugerville business parkOlympus mounts 130,000 SF in Pflugerville business parkhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=39332014-06-13T07:15:00Z2014-06-13T06:58:00Z

PFLUGERVILLE - The first large-scale, Class A office building in Pflugerville is a step closer to construction. The first building at Olympus Plaza will be about 60,000 sf and cost about $11.2 million to build.

The Pflugerville Community Development Corp. (PCDC) sold 5.7 acres at 130 Commerce Center, a mixed-use development at the southwest corner of SH 130 and Pecan St., to Russell Interests Inc.

Russell will spend an estimated $25 million to develop Olympus Plaza, a three-building, 130,000-sf office park on the land. The project was approved by PCDC prior to the sale.

The first building, Olympus Plaza I, is expected to break ground by the end of 2014.

As part of the deal, PCDC will prelease 60 percent of Olympus Plaza I — about 40,000 sf — which it will sublease to business or organizations.

The 160-acre property is rapidly filling with tenants, including two hotels, a FedEx distribution center, El Lago Mexican Foods Inc., Cortec Precision Sheetmetal Inc. and gun maker TrackingPoint.

Austin Business Journal
Austin-Round Rock
http://www.bizjournals.com/austin/blog/real-estate/2014/06/first-upscale-office-building-planned-for.htmlRead more at {Source}

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