{"id":1004155240,"date":"2016-10-12T13:43:13","date_gmt":"2016-10-12T21:43:13","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004155240"},"modified":"2020-04-29T03:22:19","modified_gmt":"2020-04-29T11:22:19","slug":"tcc-clarion-partners-purchase-95-acres-in-austin","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/tcc-clarion-partners-purchase-95-acres-in-austin\/","title":{"rendered":"TCC, Clarion Partners Purchase 95 Acres in Austin"},"content":{"rendered":"<p>by Evelina Croitoru<\/p>\n<div id=\"attachment_1004155243\" style=\"width: 281px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/AAEAAQAAAAAAAALeAAAAJGJkMzA4YWY2LTkyNGEtNDY2MC1hOThiLTlhNmZlYjdjNTIzNw.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004155243\" data-attachment-id=\"1004155243\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/tcc-clarion-partners-purchase-95-acres-in-austin\/aaeaaqaaaaaaaaleaaaajgjkmza4ywy2ltkyngetndy2mc1hothiltlhnmzlyjdjntiznw\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/AAEAAQAAAAAAAALeAAAAJGJkMzA4YWY2LTkyNGEtNDY2MC1hOThiLTlhNmZlYjdjNTIzNw.jpg\" data-orig-size=\"271,271\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"AAEAAQAAAAAAAALeAAAAJGJkMzA4YWY2LTkyNGEtNDY2MC1hOThiLTlhNmZlYjdjNTIzNw\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/AAEAAQAAAAAAAALeAAAAJGJkMzA4YWY2LTkyNGEtNDY2MC1hOThiLTlhNmZlYjdjNTIzNw.jpg?w=271\" class=\"wp-image-1004155243 size-full\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/AAEAAQAAAAAAAALeAAAAJGJkMzA4YWY2LTkyNGEtNDY2MC1hOThiLTlhNmZlYjdjNTIzNw.jpg\" alt=\"Brad Maples, Senior VP with TCC\" width=\"271\" height=\"271\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/AAEAAQAAAAAAAALeAAAAJGJkMzA4YWY2LTkyNGEtNDY2MC1hOThiLTlhNmZlYjdjNTIzNw.jpg 271w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/AAEAAQAAAAAAAALeAAAAJGJkMzA4YWY2LTkyNGEtNDY2MC1hOThiLTlhNmZlYjdjNTIzNw.jpg?resize=150,150 150w\" sizes=\"auto, (max-width: 271px) 100vw, 271px\" \/><\/a><p id=\"caption-attachment-1004155243\" class=\"wp-caption-text\">Brad Maples, Senior VP with TCC<\/p><\/div>\n<p><strong>Austin, Texas<\/strong>\u2014<a href=\"https:\/\/www.trammellcrow.com\/EN\/Pages\/home.aspx\" target=\"_blank\" rel=\"nofollow\">Trammell Crow Co.<\/a> (TCC) teamed up with <a href=\"https:\/\/www.clarionpartners.com\/Pages\/default.aspx\" target=\"_blank\" rel=\"nofollow\">Clarion Partners<\/a> in order to develop Park 183 in Southeast Austin, Texas. The companies have acquired a 95-acre land parcel for the master planned industrial business park that is designated for\u00a0964,000 square feet of Class A industrial space.<\/p>\n<p>Park 183 is located at the intersection of Burleson Road and Route\u00a0183, less than a mile away from State Highway 71 and close to major arterials including Interstate 35 and SH 130. Park 183 will also benefit from the completion of the 183 South Project that broke ground in April 2016 and will connect Route\u00a0290 to SH 71 with an uninterrupted freeway from southwest to northwest Austin. The park is adjacent to Austin Bergstrom International Airport and less than 9 miles away from downtown Austin.<\/p>\n<p>The project will be built in multiple phases with phase one consisting of\u00a0the speculative development of two buildings totaling 247,000 square feet and drainage, utility infrastructure and significant road for the business park. Phase one construction is expected to commence in the first quarter of 2017.\u00a0The companies have not disclosed the costs of the projects nor did they discuss prospective tenants.<\/p>\n<p>\u201cAs our economy continues to expand, the industrial market has exhibited rapid growth that has pushed rental rates to an all-time high\u2026Park 183 was specifically conceived to offer tenants Class A space at a price point that is far below all other new product in the market and more in line with historical averages,\u201d Brad Maples, senior vice president\u00a0with TCC&#8217;s Austin business unit, said in prepared remarks.<\/p>\n<p>STG Design, Jones|Carter, Wylie Consulting Engineers and Bihner Chin Engineering will be responsible for the design of the development. Mark Emerick, John Barksdale, Ace Schlameus and Darryl Dadon with CBRE&#8217;s Austin office will lead the <a href=\"https:\/\/www.commercialsearch.com\/news\/leasing\/\" target=\"_blank\">leasing<\/a> and marketing teams.<\/p>\n<p><em>Image via LinkedIn<\/em><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The first phase of the project is the development of two buildings totaling 247,000 square feet scheduled for completion by early 2017.<\/p>\n","protected":false},"author":1055,"featured_media":1004155243,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21782,21748,21742],"tags":[],"class_list":["post-1004155240","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-development","category-industrial","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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