Marc Vanderslice Of CBRE Represents WordPress Engine In Austin Office Lease
LEASED
Texas
See Similar DealsOffice22,536 SF
LEASED
Marc Vanderslice Of CBRE Represents WordPress Engine In Austin Office Lease
504 Lavaca Street
See Similar DealsOffice22,536 SF
Summary
TEXAS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:22,536 SF
Transaction Type:Lease
The property involved in this lease transaction is an office space located at 504 Lavaca St, Austin, TX, 78701. The asset offers a total square footage of 22,536 and is part of Lavaca Plaza, which is a four-building office complex. The property was built in 1980 and underwent remodeling in 2001. It is situated in the Austin market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Tenant: WordPress Engine
- Landlord: Unico Properties
- Tenant's Representative: Marc Vanderslice - CBRE
- Landlord's Representatives: Matt Levin and Jason Steinberg - Equitable Commercial Realty
- Square Feet: 22,536
In this deal, Marc Vanderslice, alongside Nate Stricklen and John Gump from CBRE, represented the tenant, WordPress Engine. On the landlord's side, Matt Levin and Jason Steinberg from Equitable Commercial Realty represented Unico Properties during the lease negotiations.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,291,749.92
Total Lease Value
$12,917,499.21
Net Landlord Cash Flow$1,291,749.92
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