Starwood Capital Group's Barry Sternlicht Leases 43,066 SF Office Space In Austin To Kimley-Horn With Aquila Commercial And Savills Representing
LEASED
Texas
See Similar DealsOffice43,066 SF
Leased 03/23/2022
LEASED
Starwood Capital Group's Barry Sternlicht Leases 43,066 SF Office Space In Austin To Kimley-Horn With Aquila Commercial And Savills Representing
10415 Morado Circle, Austin, Texas 78759, United States
See Similar DealsOffice43,066 SF
Leased 03/23/2022
Summary
TEXAS
Asset Type:Office
Total Square Footage:43,066 SF
Transaction Type:Lease
The office property located at 10415-10431 Morado Circle in Austin has been leased. The property spans approximately 43,066 square feet and is owned by Starwood Capital Group, headed by Barry Sternlicht. The tenant for the space is Kimley-Horn. AQUILA Commercial represented the landlord, while Savills acted as the tenant's representative in the deal.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not provided
- Address: 10415-10431 Morado Circle, Austin
- Market: Austin
- Asset Type: Office
- Square footage: 43,066
Barry Sternlicht, through Starwood Capital Group, serves as the landlord for the property. AQUILA Commercial represented the landlord's interests in the lease agreement. On the other side, Savills served as the tenant's representative, working on behalf of Kimley-Horn.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$2,468,517.13
Total Lease Value
$24,685,171.32
Net Landlord Cash Flow$2,468,517.13
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