Major Employer Relocating to Round Rock
ROUND ROCK, Texas – The Round Rock Chamber and Live Oak-Gottesman today hosted a groundbreaking for La Frontera Plaza, located at 2700 La Frontera Blvd., Round Rock, Texas 78681. The 100,000-square-foot, Class-A office building is being developed by Live Oak-Gottesman and is the future home of global learning company Houghton Mifflin Harcourt’s (HMH) Texas regional office.
HMH announced its relocation to Round Rock in June and plans to bring more than 270 positions with an average salary of $70,000 to the community. The relocation is scheduled for completion in July 2016. “We are honored that HMH chose Round Rock to call ‘home’ and appreciate the trust the company is placing in us. They will be a valuable partner, and I look forward to their becoming an integral part of our vibrant, thriving community,” said Round Rock Mayor Alan McGraw.
Williamson County Judge Dan A. Gattis said, “We are excited to have HMH come to Williamson County and add these jobs. This provides more opportunities for those who live in Williamson County to also work in Williamson County, which is why we were pleased to support it and thrilled that Round Rock brought this project to our county.”
The La Frontera Plaza site is approximately five acres and will house the three-story, Class-A office building with surface parking. Amenities will include a large courtyard with outdoor workspace, car-charging station, bike racks and more. An additional 10,500 square feet of office space will be available for lease beginning in June 2016.
“We are excited to welcome another highly regarded international company to our business community,” said Ben White, vice president of economic development at the Round Rock Chamber. “Adding a Class-A office building to our local mix has been a priority, and we’re thrilled to partner with Live Oak-Gottesman and Houghton Mifflin Harcourt to make it happen.”
The location offers rapid access to SH-45, Hwy. 183, and Mopac Expressway. In addition, the area boasts significant amenities including national hotels, local and well-known restaurants, and various shopping destinations.
“With La Frontera Plaza, we see a great opportunity to develop a high-quality office product and to meet a significant market demand in Round Rock,” said Rob Shands, investment partner at Live Oak-Gottesman. “We greatly appreciate the City of Round Rock and Williamson County, as well as the Round Rock Chamber, for their leadership in bringing this project to fruition. We are excited to lead the team responsible for developing Houghton Mifflin Harcourt’s new regional home.”
The La Frontera Plaza team represents companies with significant experience and long track records of success throughout the region. Team members include: Stuctura for general contracting; Studio 8 for architecture; Waeltz & Prete, Inc. for civil engineering; Texas Capital Bank for project financing; and Live Oak-Gottesman as the developer and for leasing and property management.
About the Round Rock Chamber
The Round Rock Chamber is one of the largest and most active business organizations in Central Texas. Its approximately 1,000 investors collectively employ more than 25,000 people in the area. It is also the region’s only accredited chamber by the U.S. Chamber of Commerce. For more information, visit www.roundrockchamber.org.
About Houghton Mifflin Harcourt
Houghton Mifflin Harcourt (NASDAQ:HMHC) is a global learning company dedicated to changing people’s lives by fostering passionate, curious learners. As a leading provider of pre-K-12 education content, services, and cutting-edge technology solutions across a variety of media, HMH enables learning in a changing landscape. HMH is uniquely positioned to create engaging and effective educational content and experiences from early childhood to beyond the classroom. HMH serves more than 50 million students in over 150 countries worldwide, while its award-winning children’s books, novels, non-fiction, and reference titles are enjoyed by readers throughout the world. For more information, visit www.hmhco.com.
About Live Oak-Gottesman
Live Oak – Gottesman, LLC is a privately held, full service commercial real estate company headquartered in Austin, Texas. The company serves real estate investors, owners and lessees. Live Oak-Gottesman, LLC offers real estate services including: brokerage, property and facility management, disposition and acquisition, tenant representation, accounting and development.