IBM Corp Leases 320,000 SF Office Space In Austin With Brokers Bo Beacham & John Barksdale Of CBRE
LEASED
Texas
See Similar DealsOffice320,000 SF
Leased 05/03/2023
LEASED
IBM Corp Leases 320,000 SF Office Space In Austin With Brokers Bo Beacham & John Barksdale Of CBRE
11901 North Mopac Expressway, Austin, Texas 78758, United States
See Similar DealsOffice320,000 SF
Leased 05/03/2023
Summary
TEXAS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:320,000 SF
Transaction Type:Lease
The property involved in this transaction is an office space located at 11901 North MoPac Expressway in Austin. The property has a total area of 320,000 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: N/A
- Market: Austin
- Landlord: Hines - Phillip Croker
- Tenant: IBM Corp - Joanne Wright & Dexter Henderson
- Brokers: Bo Beacham & John Barksdale - CBRE
The landlord for this property is Hines, represented by Phillip Croker. The tenant in this transaction is IBM Corp, represented by Joanne Wright and Dexter Henderson. CBRE brokers, Bo Beacham and John Barksdale, facilitated the deal.
Players
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$18,342,206.90
Total Lease Value
$183,422,068.98
Net Landlord Cash Flow$18,342,206.90
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