First, the company will save up to $700 a month on parking tickets that its vehicle racked up. Second, in owning its new location, it will save about $1,200 a month in lease payments.
The catering company moved from 800 Brazos last week to a 4,000-sf building at 909 Vargas Rd. The office location was G&M's base for preparing food for events and regular food service provided to clients. That meant a lot of vehicles coming and going. The city's parking crews were "relentless" in placing the bright yellow parking tickets on vehicles, Charles Wells, president of G&M, tells GlobeSt.com.
The 164,741-sf CBD office building had been home to several food-related businesses including a Chinese restaurant. They have moved out as the Shidler Group, which owns the building, and Jones Lang LaSalle, its management and leasing company, have begun to renovate and reposition it as a high-end class B building.
Besides the savings, the new building nearly doubles G&M's space to 4,000 sf from 2,100 sf, Wells says. The building had been a bakery operated by Austin's Limon family. It building was vacant for several years before the Limon family sold it to G&M.
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