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Industrious Expands Austin Presence With 30000 Square Foot Lease At 7001 Burnet Road

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LEASED

Texas

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Office30,000 SF
Leased 08/29/2024
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Property Image
LEASED

Industrious Expands Austin Presence With 30000 Square Foot Lease At 7001 Burnet Road

7001 Burnet Road

See Similar Deals
Office30,000 SF
Leased 08/29/2024
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:30,000 SF
Transaction Type:Lease

The asset involved in this transaction is an office space located at 7001 Burnet Road in Austin, encompassing a total area of 30,000 square feet. This lease contributes to the growing demand for office spaces suitable for tech and creative startups in the Austin market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Square Footage: 30,000
  • Address: 7001 Burnet Road
  • Market: Austin
  • Landlord: David Kahn - Colina West Real Estate
  • Tenant: Jamie Hodari - Industrious
  • Broker: Jason Steinberg - Equitable Commercial Realty

Industrious, represented by Jamie Hodari, is enlarging its presence in Austin to nearly 170,000 square feet with this new lease. Jason Steinberg from Equitable Commercial Realty facilitated the arrangement, highlighting the demand for flexible office solutions in the area.

Players

Jason Steinberg
Equitable Commercial Realty
Jason Steinberg
4 deals(512) 505-0004
BROKER

Details

LEASED
IMAGE: Jamie Hodari & Jason Steinberg DATE: 08/29/2024 ADDRESS: 7001 Burnet Road MARKET: Austin ASSET TYPE: Office ~ SF: 30,000 LANDLORD: David Kahn - Colina West Real Estate TENANT: Jamie Hodari (@JamieHodari) - Industrious BROKER: Jason Steinberg - Equitable Commercial Realty (@ECRTX) NOTE: Industrious is expanding its Austin footprint with a 30,000-square-foot lease at 7001 Burnet Road, bringing its total space in the city to nearly 170,000 square feet. The coworking firm, Austin's second-largest, is set to open the new location by mid-September, catering to tech and creative startups looking for quick, move-in-ready office options.

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Deal Type
Effective Rent (Annual)

$1,719,581.90

Total Lease Value

$17,195,818.97

Net Landlord Cash Flow$1,719,581.90