David Thompson Of Creative Media And Community Trust Corporation Leases Office To Boston Scientific In Austin

The asset involved in this transaction is an office property located at 3601 South Congress Avenue in the Austin market. The building has a total square footage of 30,821 and is part of a 228,000 square foot mixed-use property at the Penn Field Campus, which is currently 93% leased and accommodates various tenants from tech, media, and entertainment sectors.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Lease Term: 11 years
• Landlord: David Thompson - Creative Media and Community Trust Corporation (CMCT)
• Tenant: Michael F. Mahoney - Boston Scientific
• Broker: AQUILA Commercial

This transaction features David Thompson representing the landlord, Creative Media and Community Trust Corporation (CMCT), in signing an 11-year lease with tenant Michael F. Mahoney from Boston Scientific. The deal emphasizes the ongoing activities within Austin’s SoCo District, highlighting the dynamics of the local commercial real estate market.