"They wanted to be closer to their client base," says Kathy Carr, a broker with Commercial Texas. She says the office space will be ready to occupy in October.
Carr and Michael Kennedy, president and founder of Commercial Texas represented the tenant. Randy Beaman bargained on behalf of the building owner, One LaCosta Associates.
In Austin, any office deal is noteworthy. Given its smaller office inventory, the capital city seemingly has been hit harder than Houston and Dallas-Fort Worth because its economy is so reliant on high-tech and semiconductor trade. Still, the city hasn't tossed in the towel, but rather sent teams pounding the pavement nationwide in solicitation of new business. It's now a waiting game to see if the travels paid off as they did a decade ago.
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