AUSTIN—San Francisco-based Drawbridge Realty has signed a new seven-year lease with Germany-based Younicos AG for approximately 32,500 square feet at 3100 Alvin Devane in Austin. The company will use the space as its U.S. headquarters and product-demonstration location.

“Drawbridge and Younicos currently have plans at the city for interior-tenant improvements with construction anticipated to begin this month,” Brandi Tribulato, vice president at Drawbridge, told GlobeSt.com. “Younicos has committed to over seven years of lease term at the property, validating Drawbridge's long-term redevelopment vision for this asset.”

"This lease demonstrates the need for a well-designed functional office/R&D space that is five minutes from Bergstrom International Airport and downtown Austin," says Chris Elmendorf, vice president of investments for Drawbridge.