Newspaper founders to build 'Class A' office in Pflugerville

Enlarge Photo

Nick Simonite

Pflugerville Community Development Corp. Executive Director Floyd Akers.

Michael Theis

Digital Editor- Austin Business Journal

Email  |  Twitter

Pflugerville's 130 Commerce Center is getting a new $5 million class A office building, adding an additional 32,000 square-feet of office space to the rapidly developing business and industrial center.

The Pflugerville Community Development Corp. announced the deal Tuesday. The building will be built by MRS Holdings Inc., which plans to begin construction in early 2015. The Pflugerville City Council approved an agreement Tuesday that lets the Pflugerville CDC pre-lease up to 66 percent of the building.

"This was a mutually beneficial opportunity for the PCDC and MRS Holdings. They have assurance of tenants upon completion, and I am more than confident that we will fill the space with businesses," PCDC Executive Director Floyd Akers said in the announcement.

MRS Holdings is owned by Pflugerville residents John and Jennifer Garret, who founded the Community Impact Newspaper chain in 2005. Previously, their company built a $2.5 million, 16,000-square-foot building at the 130 Commerce Center park, where they then relocated Community Impact Newspaper's headquarters.

Michael Theis is the Austin Business Journal's digital editor.