The Terrace Office Campus Adds, Retains Tenants

All current leases were signed at The Terrace 1 building, a 115,460-square-foot property with 462 parking spaces located at 2600 Via Fortuna.
The Terrace. Image courtesy of Yardi Matrix
The Terrace 1. Image courtesy of Yardi Matrix

Austin, Texas-based Aquila Commercial has announced three new and two renewed leases signed at The Terrace, a 109-master planned development located near Mopac and Loop 360 and adjacent to the Barton Creek Greenbelt. The five companies leased nearly 41,000 square feet, combined.

TIER REIT owns and manages The Terrace, a four-building campus totaling more than 620,000 square feet. All current leases were signed at The Terrace 1 building, a 115,460-square-foot property with 462 parking spaces located at 2600 Via Fortuna. Additional tenants in the building include Ryan Law Firm, Philadelphia Insurance Cos., Cornerstone Home Lending, Camwood Capital Group and Zephyr.

Diverse tenant roster

VLK Architects, with offices across the state in metros including Austin, Dallas, El Paso, Fort Worth and Houston, expanded into an additional 9,323-square-foot space. Alex Bryant of Bryant Real Estate was its representative. Blue Sage Services, an energy services company serving the mid-continent region, signed a 7,731-square-foot lease. The firm was represented by Patrick Ley and Haley Smith with ECR.

Ameredev II, represented by Brad Philip with Stream Realty, signed a 15,373-square-foot lease. The entity is an independent E&P company engaged in the acquisition and development of oil and gas properties across the U.S. North Star Resource Group, a financial services firm headquartered in Minneapolis, Minn., renewed its lease for 6,450 square feet. Jack Tynes with KW Commercial represented the group in the deal. Kirkus Media, a publisher of book reviews, renewed its 2,042-square-foot lease. Anne Swift with Endeavor Real Estate was its representative.

Ben Tolson, David Putman and Bart Matheney of Aquila Commercial represented the landlord in the transactions.