NewQuest's $200-million mixed-use development is located atTexas 130 and Interstate 45. "We like to have office components inour mixed-use developments because we like a variety of users andtrip generators," says Jay Sears, principal with NewQuest. "Themore trip generators we get in our projects, the more successfulour retailers are."

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Sears says Dallas-based Koll was a logical partner for theendeavor because the cultures of both companies mesh well and areclient-centric. The companies are already planning a second projectin Houston, but Sears is declining to be more specifics, for now."I think we're a good marriage," Sears says. "We like the productthey build."

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Koll's senior vice president Mark Cashman says preliminaryplanning for the acreage includes a three- or four-storyIntellicenter, a trademark office design with LEED specificationsthat Koll and Prudential Real Estate Services has been rolling outin select markets for the past two years. But, it will be thecustomer's choice if the space that goes vertical will be green ornot.

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[IMGCAP(2)]"It's a good location for an Intellicenter, but thisis also strictly build-to-suit," Cashman says. "If the customerlikes it, and wants one, we'll give it to them." He tellsGlobeSt.com the development partners would like to see a usercommit to at least 60% of a building before beginning anyproject.

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Regardless of whether it's an Intellicenter or standard officebuilding, the JV will be bringing much-needed class A office space.Sears and Cashman believe the demand for office space will increaseas more executives move north and won't want to commute to DowntownAustin.

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Sears believes the recent opening of Texas 130 will pulldevelopment and interest east of Interstate 35. "I think thishighway will do for Austin what Beltway 8 did for west Houston," hepredicts. "Beltway 8 brought a lot of development to the far westarea of Houston and the same thing will happen to east Austin."

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