The 401,000-sf development will take up 34 acres at theintersection of Burleson and Smith School roads. The park is beingdeveloped by Dallas-based TIG Real Estate Services, BrockConsulting Group Inc. of Austin and Boston-based GID InvestmentAdvisors LLC. Robert Karp, GID's senior vice president, says thecompanies' management complements each other well. Additionally,GID's management liked the Southeast Austin market's prospects.

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"There have been significant highway improvements in thesoutheast market, which at this time will benefit the BurlesonBusiness Park location," Karp tells GlobeSt.com. "Improved accessto this submarket, as well as its proximity to the airport, meansit's poised to become an active area for flex and lightdistribution space."

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The park's second phase will be a 75,000-sf building. Itsconstruction start hinges on how fast the first phase leases up,Karp says.

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Stan Ford, principal for TIG in Austin, says Burleson BusinessPark is still in site-work stage, but "we've already receivedseveral inquiries with target occupancy dates that fit well withthe timing of our inquiry." He adds similar flex andlight-industrial developments in the submarket have been fillingup, so that bodes well for the spec park.

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Thomas Pardee, who recently joined TIG as senior vice presidentfor Austin operations, will lease the project. The architect isBryan Euwer & Associates of Austin. The Cadence McShane Corp.is the general contractor.

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