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Kim Gatley
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enior Vice President & Director of Research at REOC Austin

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Pharma giant gets state incentives to build IT hub in Austin

merck-coThe New Jersey-based pharmaceutical giant will receive $6 million from the Texas Enterprise Fund, according to a Monday announcement from Gov. Greg Abbott. …Read Entire Post

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Stantec to move north for new Austin HQ

Stantec, the international engineering and design company, will occupy most of the new Diamond Building at Mueller. The move to 26,000 square feet at 1905 Aldrich St., expected to be completed by the end of the year, will house the majority of Stantec’s 150 Austin employees and allow for expansion to as many as 200. …Read Entire Post

Work starts on Plaza Saltillo development

Construction began recently on a mixed-use project years in the making that will reshape a slice of East Austin directly across I-35 from the Central Business District. …Read Entire Post

Austin real estate investment firm buys 3M campus

3m-logo3M Co. has agreed to sell its 156-acre Northwest Austin campus and shift operations to a major office park rising on the northeast side of the city.

The new building to be home to 3M will be in the Parmer business park, near Parmer Lane, Howard Lane and Harris Ridge Boulevard. The development, east of I-35 and the Shops at Tech Ridge, is being built by Trammell Crow Co. and Los Angeles-based Karlin Real Estate. …Read Entire Post

HomeAway Building 16-Story Tower in Austin

homeawaylogoHomeAway, a vacation home rental firm, will move its headquarters and 2,000 employees into a new 16-story office tower that will be built in The Domain development in Austin.

The 315,000-SF building is being developed by Dallas-based TIER REIT in partnership with Austin-based Endeavor Real Estate Group. Construction will begin this summer, with completion expected in early 2019. …Read Entire Post

Discount European grocery chain eyes Austin area

Discount German grocery chains Aldi Inc. and Lidl Stiftung & Co. KG both have stores planned in the Austin area as they seek to ramp up their share of the U.S. market.

Aldi, which announced June 12 plans to invest $3.4 billion to expand to 2,500 stores nationwide over the next five years, is building a store at 1415 FM 685 in Pflugerville. …Read Entire Post

Westlake set for new office building

Davenport 360, a 33,911-square-foot Class A office building slated for about a 3.4-acre tract at 6001 Bold Ruler Way, Austin, is on target to open next summer. …Read Entire Post

Industrial Space on the way at Southpark Commerce Center

Southeast Austin’s Southpark Commerce Center is set to receive more than 350,000 sf of speculative space from Ridge, Transwestern’s industrial development arm.

The project, recently started on a 24.17-acre site near I-35 and SH 71, will be composed of three Class A buildings—a service center and two warehouses—intended for use by multiple tenants.  …Read Entire Post

$20M Facility Coming to Pflugerville

Flooring Services Southwest is relocating its Central Texas headquarters from Austin after closing on a 30-acre tract in the southern portion of the Commerce Center. The company bought the property from the Pflugerville Community Development Corporation, an economic arm of the city that receives funding through a portion of city sales tax revenue. …Read Entire Post

Retail Parke hits rental market

TheParkeFor people who never venture up to Cedar Park about 30 minutes north of Austin, they might be surprised to learn that one of the largest retail developments in the area recently opened.

The Parke has added 400,000 sf of shops and restaurants to one of the area’s fastest-growing suburbs. The property is located on a 42-acre parcel on the west side of the US 183A toll Rd. just south of the HEB Center at Cedar Park arena. …Read Entire Post