The Austin Area Teachers Federal Credit Union (AATFCU) has purchased 3.1 acres of land at the northeast corner of William Cannon Drive and Escarpment Blvd. from Plaza Development Group Inc. The AATFCU selected this site because of its excellent location and to address growing membership in Southwest Austin, according to Mark Hail, vice president of marketing for AATFCU. Eric DeJernett, CCIM, a retail specialist at NAI/Commercial Industrial Properties, represented AATFCU in the transaction. The AATFCU, established in 1949, currently has six locations in the Austin area and ranks as one of the largest area credit unions with $370 million in assets and more than 65,000 members. It serves teachers, PTA members and other educational related organizations. Construction is set to begin on the 5,400-square-foot structure in 1st quarter 2002 with tentative plans for a 3rd quarter 2002 grand opening. The new facility will feature four remote teller stations and eight drive-up lanes, which will include two ATMs, and state-of-the-art digital lighting technology, says Hail. St. Louis-based HBE Financial Facilities is the project's architect and Howard Engineering will provide engineering services. "Southwest Austin is underserved by commercial services," says DeJernett. "William Cannon is one of the only roadways that connects I-35 and Hwy 290 and this site will allow AATFCU to serve its large client base in the area."