Round Rock, TX
- ADDRESS:101 West Louis Henna Blvd. Austin, TX 78728
- MARKET:Austin, TX
- YEAR BUILT:1984
- RENTABLE AREA:162,000 Square Feet
- AVG. FLOOR PLATE:38,000 Square Feet
- PARKING:5/1,000 Square Feet Parking Ratio
Frontera Crossing is a 162,000 square foot building Moore purchased empty in 2007.
The strategy was to target large and dense tenants. Accordingly, common areas were renovated, interior partitions demolished, and carpeting, ceiling, and lighting added to an entire floor. (Moore effectively made a 40,000 square foot speculative suite.)
An adjacent site was also acquired to permit a 6.5 parking ratio.
Frontera Crossing was 100% leased at a $2 per square foot premium within 12 months. Investors decided to hold the asset due to its significant cash flow.