The company has taken 3,256 sf of sublease space in the Chase Manhattan Bank building, 700 Lavaca. It moves from about 1,200 sf of office space in the Whit Hanks antiques building at Sixth Street and Lamar Boulevard. "We began our search for downtown expansion space over a year ago," says Jeff Maxwell, CEO of Data Tomato, "and until now, were unable to find anything affordable."
Data Tomato helps its clients design their Web sites, specializing in strategy marketing, design and technology. Some of their clients include Time Warner, News 8 Austin, Boundless Technologies, Dell Computer Corp. and Legerity.
It is one of several start-up tech companies that have found space in CBD office towers where bankers, lawyers and accountants once had free reign. ETI Inc. moved into the 816 Congress in the mid-1990s; Human Code (now Sapient) set up shop a few blocks to the south on Congress Avenue; and Powered Inc. is in the Bank One building.
Derek Silva and Mark Milstead of NAI/Commercial Industrial Properties Co. in Austin have represented Data Tomato. Craig Couch has brokered the deal for Tech Partners, which is subleasing the space.
Silva tells GlobeSt.com that tenants who aren't using their space are becoming less willing to hold out for higher sublease rates. That's allowing companies like Data Tomato to pay $3 per sf to $4 per sf less than they would have six months ago.
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