Littlefield will move from its current downtown offices to the Lumbermen's Association of Texas Building at 2501 N. Lamar. The 9,000-sf building is west of the University of Texas campus. The organizations are effectively switching space with Lumbermen's moving into Littlefield's 2,800 sf at 816 Congress. Littlefield has subleased the space from Jeffrey Minch, its president and CEO. Littlefield says it may create a marketing center for its Littlefield Hospitality unit in the building.
The Lumbermen's building gives Littlefield, which runs bingo centers and other operations, three times more space than its current quarters while reducing the cost per sf, Littlefield says. "When all of the space is productively used, we will be incurring a cost of real estate that will be less than half of the rental alternative," Minch says in a statement. "In addition, this site provides unusual public exposure and location recognition." Lumbermen's is an organization of owners and operators of lumber and building material companies in Texas, Mexico and throughout the United States.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.