TEC Buys 17,000-SF Site for HQ, Selling 40,000-SF Existing Structure

AUSTIN-Buy one, sell one is the strategy being applied by Texas Electric Cooperative Inc., which is planning to relocate its corporate headquarters after spending 40 years at the same location in northwest Austin.

TEC has bought 17,000-sf of prime office space at 2550 Interstate 35 south in the state’s tightest office market while simultaneously finding a buyer, who is not being identified at this time, for its 40,000-sf site at 8140 Burnet Rd., Mike Williams, TEC president and CEO, tells GlobeSt.com.

Williams says TEC’s move is more strategic than anything else. The new site is closer to the Austin-Bergstrom International Airport and the state capital, where TEC is recognized as a leading advocate in legislative and regulatory issues. And, he says, the existing headquarters is “more than we need.” But more importantly, Williams emphasized to GlobeSt.com the new structure “is a building that better suits our needs.”