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Tech Company Expands in Far NW Austin

AUSTIN-In the really good times, 13,500 sf wouldn't be such a big deal. In today's market, Vieo Inc.'s sublease just happens to stand as the largest deal to date this year. The firm takes over space from Commerce One in Research Park Plaza.

By Tim Green | Updated on May 01, 2002

AUSTIN-Technology company Vieo Inc. has moved into bigger and better space just down the road from its previous quarters. The company, which develops InfiniBand technology, has taken 13,500 sf in a sublease at Research Park Plaza II, situated at 12401 Research Blvd. in the far northwest submarket.

At other points in the real estate cycle, 13,500 sf would not be a big deal. But through four months of 2002, it’s one of the biggest office deals of the year. And, when there’s three million sf on the market, every bit helps.

The company has about 50 employees and intends to hire more, says Pam O’Neal, a Vieo spokeswoman. Carl Williams of Austin’s HerronWilliams, who represented Vieo in its three-month search, said just about every size and configuration is available. “Everything you want is out there,” he tells GlobeSt.com. Russell Young of Commercial Texas represented Commerce One Inc., which subleased the space to Vieo.

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