Houston, Texas

AWARD WINNING TEXAS HILL COUNTRY GOLF COURSE AND COLORADO RIVER ACREAGE OFFERED FOR SALE 

HOUSTON, TX, April 2, 2008 – Colliers International in Houston announced today the exclusive investment offering of a combined 877-acre package which includes ColoVista Country Club, located in Bastrop, Texas. Situated in the Hill Country region of central Texas, ColoVista features an award-winning 18-hole golf course with magnificent vistas along the Colorado River, a 20,000-square foot Georgian Mansion including seven conference rooms with banquet facilities, as well as 22 guest cottages and two hospitality areas. In addition to these exclusive amenities, the property also has available ground lots for residential and higher density development and over 500 acres of undeveloped property for future development. Colliers International’s Bill Byrd, Julie Tysor, and Ashley Yoder have been named the exclusive listing brokers for the property and have established a dedicated web page at www.BuyColoVista.com for posting property information.

ColoVista Golf Course has consistently garnered acclaim from a number of reputable golf critics, including the following:

“Best Public Golf Course in Central Texas” – Austin American Statesman
“Hidden Gem in Texas” –  Houston Chronicle
“Best Overall Golf Course” –  Gulf Coast Golfer
“Recognized as one of the Best Courses in Texas” – Golf Digest Magazine.

Bill Byrd, Principal of Colliers International, stated, “The Bastrop market offers diverse development potential including a residential master planned community, age-restricted senior living facilities, vacation housing, and resort development opportunities. The Hyatt Regency Lost Pines Resort identified and capitalized on an overlooked investment opportunity when they established their premier vacation resort in this central Texas location, opening the possibility for more vacation resorts to enter the Bastrop market.”

Julie Tysor, Vice President of Colliers International, added, “Centrally located 30 minutes from Austin and 90 minutes from Houston and San Antonio, Bastrop is the second oldest incorporated town in Texas, rich with Old Texas heritage. Its proximity to major metropolitan areas has spurred an increased demand among urban Texans interested in vacation homes and the perfect retreat from their busy urban lifestyles.

Baby boomers searching for the ideal retirement location will no doubt find Bastrop the perfect setting to relax and enjoy life’s finer pleasures.” Driving much of Bastrop’s growth has been a solid economic base comprising diverse industries and businesses. Major employers in the area include MD Anderson, University of Texas Science Parks, Hyatt Regency, BioCrest/Stratagene, Dig-Tech / Line-Line Tech, Griffin Industries, Aqua Water Corporation, Bluebonnet Electric Co-op, Swiftex, Texas Foam, The Coghlan Group, and Bargas Medical, among many others.

An increasing number of businesses are considering Bastrop a desirable and ideal relocation site. The Bastrop Economic Development Corporation is working diligently to attract large corporations to the area, emphasizing the city of Bastrop’s strong tax incentives for relocating businesses, including free land in the Bastrop Business and Industrial Park for qualifying companies. Bastrop’s aggressive business incentives are central to the city’s commitment to attract and retain new growth industries in a competitive, rewarding business environment.

Ashley Yoder, Colliers International’s Associate and Marketing representative for ColoVista, stated, “Bastrop’s strong residential and business expansion will continue to drive the area’s burgeoning development activity. In this dynamic atmosphere, opportunities for new businesses abound. Innovative real estate developments will benefit from this high-end demographic market. With a unique blend of small town appeal and urban sophistication, Bastrop and ColoVista cater to discriminating residents that value quality of life issues. And this translates into market success for owners and consumers alike.”

For Additional information about the ColoVista offering, see www.BuyColoVista.com

About Colliers International

Colliers International is a global affiliate of independently owned and operated commercial real estate firms. The organization’s 10,171 employees span the world in approximately 267 offices in 57 countries. On a worldwide basis, Colliers manages 672.9 million square feet, with 2006 transactions valued at $63.5 billion and revenue in excess of $1.6 billion.

For over 50 years, Colliers International has provided real estate solutions to many of Houston’s leading corporations, institutions, and small businesses, making us the longest-standing full-service firm in the Greater Houston area. Our services include owner and tenant representation in leasing, acquisition, sale and financing for office, industrial, retail, multifamily, medical, investment, mixed use development and land.

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