The company will move into Building F, which was the armory for Penn Field in the World War I era, says Dan Roth, a partner in Southwest Strategies Group, the property owner. Clear Channel's stations will exit 705 N. Lamar Blvd. and 811 Barton Springs Rd.

After Southwest Strategies does some work to the building, Clear Channel will install several broadcast studios, Roth tells GlobeSt.com. An end-of-summer move-in is anticipated and will bring the project's occupancy to 65%. Jerry Creagh of Southwest Strategies represented the firm in the negotiations and Michelle McDonald of Jones Lang LaSalle's Austin office handled talks for Clear Channel.

The one-story brick buildings were constructed in 1918 for the administration and housing for Army Air Corps training. The war, however, ended by the time the base was ready. "It never saw action," Roth says. Over the years, the site has housed a manufacturer of wooden bodies for Model T autos, furniture and a maker of faux fireplace logs.