The development site is located at Airway Boulevard andInterstate 580. The property will be developed with freestanding,small-format buildings on separate legal parcels that businessowners or investors will be able to acquire on a fee-simplebasis.

ExTerra partner Mike Parker tells GlobeSt.com that Montevinawill be constructed in at least two phases, the first of which willinclude 102,000 sf in 16 freestanding buildings on 10.7 acres. Thebuildings will range in size from 3,600 sf to 13,200 sf.

The first phase will be delivered as warm shell buildings on aspeculative basis. The buildings will be constructed of masonry andwill be built out for mostly office use. The first buildings areslated for delivery in winter of 2007. Parker says ExTerra isconcurrently entertaining land sales and build-to-suitopportunities for the remaining acreage.