Wells Fargo Renews 20,560 Square Foot Office Lease At Uplands Corporate Center In Austin
5301 Southwest Parkway
Building Size
20,560 SF
Asset Type
Office
Closing
Sep 29, 2026
About this deal
AI
The property asset involved in this lease transaction is an office space located at 5301 Southwest Parkway, Austin, TX. The leased office spans 20,560 square feet and is part of the Uplands Corporate Center managed by Drawbridge Realty.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 5301 Southwest Parkway
- Market: Austin, TX
- Landlord: Drawbridge Realty
- Tenant: Wells Fargo
- Landlord's Representative: Matt Frizzell - Cushman & Wakefield
- Tenant's Representatives: Jake Ragusa & Luke Gholston - JLL
This lease renewal highlights the collaboration between multiple stakeholders in the deal, with Matt Frizzell representing Drawbridge Realty in the negotiations while JLL, through Jake Ragusa and Luke Gholston, represented Wells Fargo in securing the renewed lease.
On the Map
Office
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Players
Parkway Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93