More growth in Georgetown, Texas: Bourn Partners invests in our city

ar120397185543774.jpgGeorgetown, Texas is growing!

I just read an article that adds more fuel to the fire for Georgetown’s explosive population growth over the next few years. According to city planners, the population of Georgetown, Texas in November of 2007 was 46,812, and by 2015 is projected to exceed 83,000!

Bourn Partners (no relation to Jason Bourne) has purchased 185 acres in the southernmost part of Georgetown, Texas with the intent on developing it for multifamily housing, assisted living facilities, medical office, and other retail. This area is already a hotbed for recent retail, medical and educational developments. In recent years, we’ve seen the opening of the Round Rock Premium Outlets, Scott and White Hospital, Seton Medical Center and the Round Rock Higher Education Center. In the near future, this area will also be home to the Texas A&M University medical school! Hmmm, educators, medical practitioners and retail managers…they all sound like great clients to me!

Here’s the full article below:


GEORGETOWN, Texas, Feb. 22 /PRNewswire/ — Bourn Partners, a real estate development firm headquartered in Tucson, Ariz, with regional offices in Austin, today announced the acquisition of 185 acres in Georgetown on Westinghouse Road. The property is slated for a multi-use development that could include multi-family housing, assisted living facilities, medical office and research space, a corporate campus, and retail components, among others.
“This area, bordered by IH-35, Westinghouse Boulevard, FM 1460 and University Boulevard, is fast becoming the hub of Williamson County for medical, educational and retail needs,” Joe Simmons, Principal, Bourn Partners, said. “Our site is literally a stones’ throw from the Round Rock Premium Outlets, Teravista’s master planned residential development and Scott & White Hospital. We are delighted to play a part in creating this dynamic project for future growth in the region.”
The site has approximately 2,600 feet of frontage on the south side of Westinghouse Road. Developers site Texas Department of Transportation plans to widen the road by early 2009 as a further impetus for growth in the area.
Bourn Partners has begun the master site planning process for this site. Announcements on future development are forthcoming.
Joe Simmons will market the Westinghouse development for Bourn. He can be reached at (512) 328-8818.
About Bourn Partners
The Bourn Partners team is comprised of more than 80 employees with a market presence in Arizona, California, Colorado, Texas and Nebraska. In 2006, the company had in excess of $450 million in gross development transactions. In addition to development activities, Bourn Partners actively manages and leases more than 2.4 million square feet of commercial product. With more than $1 billion in projects at various stages of development, Bourn Partners is a premier real estate developer throughout the Southwest. Bourn Partners’ Austin office was opened in 2004 to expand development opportunities and investment and brokerage efforts in Texas. For more information, please visit www.bournpartners.com

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