Travesia Corporate Park is the result of a joint venture betweenChampion Partners of Dallas, Buchanan Street Partners of NewportBeach, CA and the Austin office of Stream Realty Partners. Locatedat the convergence of Interstate 35, Texas 45 North, FM 1325 andMoPac Expressway, the site also is ticketed for an 80,000-sf specbuilding depending on market demand. Estimated costs for theproject were not available, but similar developments have beenbuilt for $70 per sf to $90 per sf.

Derek Land, co-managing partner in Austin for Dallas-basedStream Realty, says Travesia Corporate Park is part of the 200-acreRaceway Crossing, a mixed-use, master-planned development with itsinfrastructure work now nearly complete. "We'll be between a bunchof retail, office and other development," Land says.

Land tells GlobeSt.com that Travesia is geared toward valuetenants who require plenty of parking and good finish-outallowances without having to pay class A office lease rates. "Thisis right in the middle of the Round Rock area, where there's been alot of growth," he explains. "But, there's nothing there for valuetenants that are looking for competitive lease rates."