Kogut Commercial, Mittman Break Ground on TX Medical Office
- Jun 04, 2018
Kogut Commercial Real Estate, of Austin, Texas, and Mittman Real Estate have broken ground on Hunter Medical Plaza, a 26,000-square-foot Class A medical office building in San Marcos, Texas. The announcement was made by Transwestern, which will handle leasing for the developers.
The project, located at 2202 Hunter Road, is scheduled for completion in the fourth quarter. No dollar amount was disclosed.
Hunter Medical Plaza is 38 percent preleased to MedFirst Primary Care, part of the BHS Physicians Network, leaving 16,000 square feet available for lease, with flexible floor plans, shell or build-out options, and signage opportunities.
Transwestern described the location, at Hunter Road and Stagecoach Trail, as being in “a booming trade area” with numerous retail amenities. Within the past decade, San Marcos has been designated twice by the U.S. Census Bureau as the nation’s fastest-growing city, listed by the Business Week as one of the “Best Places to Raise your Kids” and named by the Business Insider as one of the “10 Most Exciting Small Cities in America.”
Transwestern Senior VP Ken Adams and Senior Associate ’Licia Shreves are the leasing representatives.
Other companies involved in the development include LK Design Group, CEC Civil Engineering and the Deitch Law Firm, Benjamin Kogut, founder of Kogut Commercial Real Estate, said in a prepared statement.
San Marcos is about 30 miles from Austin and 50 miles from San Antonio and is home to the 38,000-student Texas State University. Over the past couple of years, development projects in the city of about 62,000 residents have been diverse. In November 2016, after amassing $1 million through crowdfunding, and no doubt anticipating ample demand for cold beer, Hops & Grain Brewing, of Austin, leased nearly 11,000 square feet for a second production facility and tasting room. In September 2016, municipal/civil engineering firm HDR opened a new regional office in leased space in San Marcos, to serve the city, as well as other communities in Hays County. Also reportedly in the works is Trace, a $475 million, 420-acre mixed-use project by Highpointe Communities that will feature a corporate office campus, retail and hospitality components, more than 1,800 units of single-family and multifamily residential, and substantial parkland and open spaces.
Image courtesy of Transwestern