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Office Renewal, New Lease Void 26,360 SF in Austin

AUSTIN-An 11,960-sf renewal in the CBD and a 14,400-sf suburban lease chip away at Austin's office space. Entergy Gulf States likes its proximity to the state capitol just fine since it has lobbyist business dealings.

By Tim Green | Updated on October 11, 2001

AUSTIN-Two companies signed up for two big chunks of space, one in Austin’s CBD in a renewal and the other in a new lease in the southwest submarket. Insignia/ESG’s Austin office represented both building owners.

The renewal was Entergy Gulf States Inc., based in Beaumont, TX, which renewed on 11,960 sf at Capitol Center, 919 Congress, just south of the Texas capitol. The company is a subsidiary of New Orleans-based Entergy Inc., a wholesale energy company.

Capitol Center is a 15-story, a 164,044-sf building built in 1984. Tenants include lobbyists with business with the Texas Legislature such as Entergy. The owner, the Los Angeles Fire and Police Pension System bought the building in 1997.

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