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

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The Bowie to accommodate Whole Foods expansion

Austin-based Whole Foods Market Inc., has pre-leased 40,000 square feet of office space at The Bowie in downtown Austin.

The Bowie, a mixed-use development currently under construction near W. 5th St. and Bowie St. across from the company’s flagship store at 525 N. Lamar Blvd., will accommodate the organic grocer’s expansion upon …Read Entire Post

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CIM Group and Seaholm Power LLC announce lease agreement with Under Armour at Seaholm Power Plant

CIM Group and Seaholm Power LLC recently announced that they have reached an agreement with Under Armour, Inc. to lease approximately 35,000 square feet of the low-rise building currently under construction at the Seaholm Power Plant project.

Under Armour is building the world’s largest digital fitness community by providing interactive tools to make fitness social, simple and rewarding.  Its flagship consumer brands under its wholly-owned subsidiary, MapMyFitness, Inc. include MapMyRun®, MapMyRide® …Read Entire Post

Dropbox chooses 501 Congress Avenue

The top three floors of the new six-story building under construction at 501 Congress Avenue (116,435 sf) have reportedly been leased by California-based Dropbox, a cloud-storage and file-sharing service.  The tech firm will occupy roughly 60,000 square feet when the building opens in January of next year.

The Austin City Council approved a $244,500 incentive deal earlier this …Read Entire Post

El Lago to move tortilla chip factory to Pflugerville

Pflugerville will soon be the new home for El Lago Mexican Foods Inc.  In August, El Lago will move its manufacturing and distribution operations from its current tortilla chip factory at 1700 E. Fourth Street situated east of downtown Austin into 24,000 square feet at Pecan 130 Business Park.

The 120,000-square-foot building situated within the 130 Commerce …Read Entire Post

Pre-leasing activity continues to fill Colorado Tower

Colorado Tower (373,334 sf), currently being developed by Cousins Properties at 303 Colorado St. in downtown Austin, recently signed up two new tenants for a total of 98,254 square feet. Recent leasing activity brings the tower to approximately 51 percent pre-leased with roughly 180,000 square feet still available for lease.

Midland-based Parsley Energy leased 73,843 square feet and will relocate its headquarters along with about 50 employees from West Texas.

Australia-based Atlassian Software Systems Pty Ltd. leased 24,411 square …Read Entire Post

Nordstrom to anchor The Domain Phase III

Nordstrom Inc. recently announced plans to open a second full-service store in Austin.  The two-level store, which will span roughly 123,000 square feet, will be located at The Domain, a mixed-use project located along MoPac near Burnet Road in North Austin.

The Domain Nordstrom is expected to open in the fall of 2016.

Nordstrom will anchor the third phase of the Domain’s expansion. When …Read Entire Post

Websense picks Austin, will bring 470 jobs

Websense Inc. will move its corporate headquarters to Austin and bring with it a projected 470 jobs and about a $10 million investment.

The company’s Feb. 28 announcement follows City Council’s approval of a $438,000 incentives deal that also allowed the company access to a state-funded $4.5 million incentives package. San Diego-based Websense is a …Read Entire Post

Work to start on Rollingwood Center

Endeavor Real Estate Group is about to break ground on Rollingwood Center on BeeCave Road.  The project will consist of two office buildings — one a four-story structure with 155,000 square feet and the other a two-story building with 60,000 square feet.

The project’s cost will be about $50 million, with the buildings scheduled to be ready in early 2015.

LatinWorks, an award-winning Austin advertising agency, will initially …Read Entire Post

Scottsdale Crossing Commerce Park lands Dana Holding

Ohio-based Dana Holding Corporation, supplier of driveline, sealing, and thermal-management technologies, recently finalized plans to occupy more than 40,000 square feet of space in the Scottsdale Crossing Commerce Park located at 5900 Hwy 183A in Cedar Park.

The space, designed to accommodate more than 80 engineers and support staff, marks the company’s 16th global technology center.

The Cedar Park location has been selected as part of an effort to fully leverage Dana’s investment in its strategic relationship with Fallbrook …Read Entire Post

New year to bring a new office project to Southwest Austin

Construction is scheduled to start on a 250,000-square-foot office building in the San Clemente development at Capital of Texas Highway (Loop 360) and Westlake Drive.

Located in Southwest Austin, the HPI Real Estate Services & Investments project will be built for more than $70 million.

Austin-based Spiceworks has signed a lease for 96,000 square feet to anchor the five-story building.

The building Spiceworks will occupy will join six others in the San Clemente office-and-retail development, which is slated for eight …Read Entire Post