Allen Control Systems Leases 192,000 Square Feet At 15700 Long Vista Drive In Austin

The asset involved in this transaction is an industrial property located at 15700 Long Vista Drive, Austin, TX, consisting of 192,000 square feet. The property serves as a new manufacturing hub for the tenant, Allen Control Systems, while the landlord is Rialto Capital.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Address: 15700 Long Vista Drive, Austin, TX
• Tenant: Allen Control Systems
• Landlord: Jeff Krasnoff - Rialto Capital
• Brokers: John Barksdale, Bo Beacham & Kyle Lewis - CBRE

Allen Control Systems, recently valued at $2.2 billion, is set to begin operations at this new location on September 21 as they ramp up production of their Bullfrog counter-drone system while maintaining their 88,000-square-foot headquarters on St. Elmo Street. The brokerage team from CBRE facilitated the leasing deal, contributing to the expansion efforts of the anti-drone startup.