August 29, 2019
Yardi Marketplace Inc. renewed its 23,379 square-foot lease, and expanded into an additional 7,182 square feet at 12301 Research Blvd., Building IV, on Austin’s far northwest side. The tenant is a procurement solutions company for the real estate industry.
Chris Perry, SIOR and Kristi Svec Simmons, SIOR of Aquila Commercial represented Yardi Marketplace. Kevin Granger and Brian Liverman with Cushman Wakefield represented the landlord, Union Investment Real Estate GmbH. The specific dollar amount was not available, however, the average rent for space in the 184,159-square-foot building is quoted at approximately $35-per-square-foot.
The property, part of a five-building portfolio, delivered in 2001. The current ownership acquired Buildings III and IV in 2013.
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