AUSTIN, TX—Well-capitalized sponsors with strong track records, success in cultivating tenant relationships and access to financing continue to push ahead with tenant-focused spec construction projects in high-growth innovation markets. Last month, San Francisco-based real estate investment manager Drawbridge Realty topped out the second and final building in Uplands Corporate Center at 5301 Southwest Pkwy.
Completion of the three-story 124,081-square-foot office building is expected in the second quarter of next year. Structura Inc. is the general contractor.
"Even before the COVID-19 pandemic, we envisioned creating a flexible, lower density environment very much focused on the health and wellness of occupants by taking advantage of the technologies available to us to create a vibrant indoor and outdoor experience," said Mark Whiting, CEO, Drawbridge Realty.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
