Crimson Real Estate Fund, LP and USAA Real Estate Company announce Aspen Lake Two, a Class A office building, located at 13785 Research Boulevard in Austin, Texas, is 100% preleased. This milestone is the result of an expansion on behalf of Q2 Holdings, Inc., a leading provider of secure virtual banking solutions for regional and community financial institutions, who pre-leased over 50% of the building late last year, as previously disclosed by Q2. Q2 will occupy the full 129,000 square foot building, which broke ground in December 2014 and is scheduled for completion in Fall 2015.
“We’re excited to be expanding into a new location allowing for continued growth and maintaining the kind of environment we feel is vital to the success of our company,” said Q2 CEO, Matt Flake.
Patrinely Group, headquartered in Houston, is developing Aspen Lake Two, a 129,000 rentable square foot building located at the intersection of Lake Creek Parkway and Pecan Park Boulevard, immediately east of Highway 183. Patrinely Group is currently preleasing Aspen Lake Three, a sister building of Aspen Lake Two, as the next development phase. Crimson Services, LLC, an affiliate of Patrinely Group, will manage the building. Q2 is a major tenant in Aspen Lake One office building, which CREF acquired in March 2011 and sold in 2014.
“We are pleased that our multi-building relationship with Q2 has resulted in a long-term lease at our project for their headquarters operations,” said Robert Fields, president of Patrinely Group.
Ben Tolson and Bart Matheney with AQUILA Commercial represented the landlord, and Volney Campbell and Marc Vanderslice with Colliers International represented the tenant.
“We are thrilled to have Aspen Lake Two preleased and to have Q2 at the heart of this project. Over the course of several transactions, we’ve come to believe Q2 to be one of the most dynamic, Austin-based firms around, and we’re excited to continue to be in business with them.” says Ben Tolson, Principal with AQUILA Commercial.
Founded in 2007, AQUILA Commercial is a recognized leader in Austin commercial real estate. Today AQUILA manages and leases over 23 million square feet of office, industrial and retail properties and has over 600 corporate tenant representation clients. AQUILA offers clients full-service real estate solutions, providing tenant representation, project leasing, and asset, property, and project management services for office, industrial and retail properties. For more information, visit: www.aquilacommercial.com.
