Austin-based GSA Holdings' next-door project, the 40,000-sfPlano Federal Courthouse, was the firing pin for its joint venturearrangement with Dallas businessman Carl Westcott, chairman ofWestcott LLC and general partner of Commodore Partners, which ownsthe hard corner of Preston Road and Headquarters Drive. "Thesynergies from being next to the courthouse and across from theChildren's Medical Center will bring legal and medical tenants,"says Heather Densmore Shover, senior associate for Stream RealtyPartners LP in Dallas. "We're expecting strong interest from thelegal and medical communities."

Steve Glasgow, managing partner for the 18-month-old GSAHoldings, says Veritas Point will be a mix of class A office andhospitality space--at least three office buildings and one hotel,possibly two. "We have 32 acres. You can do quite a few buildings.It will depend on the traction we get in the market," he tellsGlobeSt.com. "But we knew once this [courthouse] got on the ground,there was going to be a pretty strong demand for peripheraldevelopment." Based on the standard coverage formula, the sitecould support about 488,000 sf.

Stream's initial mailing generated a half-dozen of inquirieswithin days of it hitting mailboxes. "This is the kind of responsethey were needing and hoping for," Shover says. She and Streamsenior associate Benjamin Hautt are ramping up marketing with a $24per sf plus electric quote.