Conrac Solutions receives commercial real estate award
The Commercial Real Estate Awards recognizes the people and projects that exemplify best practices in building and development, which have had the biggest impact on community, pertaining to central Texas. This event honored projects completed in 2015 and was sponsored by a number of entities including Austin Business Journal, Real Estate Council of Austin, Urban Land Institute, Austin and several local companies.
Conrac Solutions Project Delivery led pre-development, financing, deal terms and construction of the facility in coordination with Demattei Wong Architecture and Austin Commercial starting in 2011. Conrac Solutions supported the asset manager and design team with operational considerations for the project in addition to overseeing activation and subsequent fueling and operations after the facility’s Oct. 1, 2015 opening.
“The collective expertise of the Conrac Solutions family of companies allowed us to take on the complexity and challenges presented by a project of this caliber,” says Conrac Solutions CEO, Desiree Pfeffer. “We are grateful to be recognized for the culmination of a six-year effort, which opened on time and under budget.”
Other award categories include deal of the year, industrial development, multifamily development, office development, biggest transaction, community impact, retail development and best retail project, among others. View the complete list of Austin Business Journal 2016 Commercial Real Estate Award winners here.
As the second privately developed consolidated facility in nation, the 1.6 million square feet Austin facility includes 48 fueling stations, 12 car washes and 11 rental car brands. Constructed to LEED Silver standards, more than 3,000 rental car vehicles per day will pass through the facility, with up to 5,000 rental car vehicles passing through on the facility’s busiest days.
See a time lapse video of facility construction here.