ROUND ROCK, TX-Texas Guaranteed, which makes student loans, has closed on its purchase of 301 Sundance in the La Frontera development. Texas Guaranteed and Kennedy-Wilson International signed the papers Friday.

Texas Guaranteed put a contract on the 190,000-sf building in Round Rock in October. It plans to move into the building by October 2003, pushed back from a previously anticipated June move, after finish-out construction is completed. The plan is to use 160,000 sf from the start and try to lease the rest of the office space.

Neither Texas Guaranteed nor Kennedy-Wilson would disclose the price of the sale. Phil Capron, Kennedy-Wilson’s senior managing director in Austin, says his firm and partner Dutch Fortis Advisers would get their equity out of the deal. It gives them about $10 million to work with now instead of waiting several years for perhaps a better deal, he tells

Texas Guaranteed will move from Tower of the Hills, a 172,000-sf building at 13809 Research Blvd. in the far northwest submarket. That lease with CarrAmerica Realty Corp. runs out in May 2004.Texas Guaranteed was represented by the Transwestern Commercial Services team of Riis Christensen, managing director of tenant services in Dallas; Ty Puckett, senior vice president in Austin; and Powell McGill, senior vice president, and Tom Reagan, executive vice president, both in Northern Virginia.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.