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Tecovas Leases 30,000 SF Headquarters In Austin From Sysco Corporation

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LEASED
John Gump
Jon Wheless

Texas

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Office30,000 SF
Leased 03/21/2024
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LEASED

Tecovas Leases 30,000 SF Headquarters In Austin From Sysco Corporation

901 East 6th Street

See Similar Deals
Office30,000 SF
Leased 03/21/2024
John Gump
Jon Wheless
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

An Office property spanning 30,000 square feet located at 901 East 6th Street in Austin changed hands through a lease transaction. The landlord, Sysco Corporation, leased the space to Tecovas, a bootmaker, for their headquarters.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 901 East 6th Street
  • Market: Austin

John Gump and Jon Wheless from CBRE facilitated the five-year lease agreement between Sysco Corporation and Tecovas. The relocation to the new headquarters at 901 East Sixth Street is set to accommodate Tecovas' expansion plans fueled by a $56 million Series C funding round secured in 2022. Currently, Tecovas has around 130 staff members.

Players

John Gump
CBRE
John Gump
3 deals
BROKER
Jon Wheless
CBRE
Jon Wheless
2 deals(512) 705-8155
BROKER

Details

LEASED
IMAGE: Kevin Hourican, David Lafitte, John Gump & Jon Wheless DATE: 03/21/2024 ADDRESS: 901 East 6th Street MARKET: Austin ASSET TYPE: Office ~ SF: 30,000 LANDLORD: Kevin Hourican - Sysco Corporation (@SyscoFoodie) TENANT: David Lafitte - Tecovas (@Tecovas) BROKERS: John Gump & Jon Wheless (@JonWheless) - CBRE (@CBRE) LEASE TERM: five-year NOTE: Bootmaker Tecovas secured a 30,000-square-foot headquarters sublease in Austin at 901 East Sixth Street from Sysco Corporation. The move, planned for April, accommodates Tecovas' growth following a $56 million series C funding in 2022, with about 130 staff members currently.

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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