Commercial Texas Represents Security Company
Commercial Texas represented sublandlord Granite Security Systems in the sublease of 3,711 square feet of flex space to Glazing Saddles Management, Inc. at McNeil 3, 12109 Technology Blvd, Austin, Texas.
Dan Meyer and Lee Ellison represented the sublandlord and Zane Cole with HPI represented the subtenant.
Commercial Texas Leases in Round Rock
Commercial Texas represented St. Richard’s Episcopal Church in the lease of 5,950 square feet of special events space to Arbor Pointe, Inc at 655 Palm Valley Blvd in Round Rock, Texas.
Lee Ellison with Commercial Texas represented the landlord and Paul Ott of The Paul Ott Company represented the tenant.
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 Austin CBD is Back to the Future
By Michael Kennedy, President, Commercial Texas
Ten office towers equaling 3.6 million square feet of the city’s downtown commercial office buildings have new ownership. Half of downtown’s Class A space is owned by Thomas Properties Group Inc. who bought the Class A office properties for $1.15 billion from affiliates of Blackstone Real Estate Advisers.
Investors of all kinds expect Austin to produce a return on their investment.
But the “land grab” is drawing to a temporary close-- Crescent Real Estate Equities Co. is finalizing the sale of their three downtown properties and exiting the Austin market.
Full Story...
 The Importance of Having Alternatives
By Carl Condon, Vice President, Tenant Representation Group
When making leasing decisions, it’s never a good idea to quickly settle on a property without considering the benefits of a careful comparison. Understanding your alternatives is critical. In today’s market, the options are changing fast as new construction comes on-line to meet the growing demand of the current office market.
In the current, fast-paced market companies are eager to reach a deal quickly using minimal research and time. This is not a good idea. There are three simple reasons for evaluating all the options for your next office property.
Full Story...
Commercial Texas Represents Cambridge Systematics
 Commercial Texas represented Cambridge Systematics in their lease of 2,450 square feet of office space in The Houston Building at 9015 Mountain Ridge Drive, Austin, Texas. The new office represents the first Texas-based location for the company.
“Our work in Texas is a priority to Cambridge Systematics and the opening of this office enables us to better serve the needs of our current and future clients in Texas,” said Lance A. Neumann, President of Cambridge Systematics. “Commercial Texas worked with us to identify office space suited to our objectives and growth projections.”
Carl Condon with Commercial Texas represented Cambridge Systematics. Jonathan Tate with Trammell Crow represented the landlord.
Commercial Texas Represents High End Systems in Sublease
 Commercial Texas represented sublandlord High End Systems in the sublease of 5,000 square feet of industrial space to Pencom Inc. at 11525 Stonehollow Dr, Austin, Texas.
Dan Meyer and Lee Ellison with Commercial Texas represented High End Systems and Keith Ferris with the Gelfand Group represented the tenant in the transaction.
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