Goodwill Inks 124,200-SF Lease

AUSTIN, TX-Goodwill Industries of Central Texas has signed a lease for a 124,200-square-foot industrial building in Southeast Austin, which signifies Austin’s largest industrial lease transaction of the year, according to brokers involved in the deal. Goodwill will consolidate two warehouses, offices and retail space spread throughout the region as it expands its services and overall footprint into Kelly Trade Center II, located at 6505 Burleson Rd.

Finish-out work will begin immediately, with Goodwill anticipating to move in early December. “The Southeast submarket is leading the charge out of the doldrums,” says Ken Satterlee, speaking of Austin’s industrial market. Satterlee is president of San Diego-based St. Croix Capital Corp., which purchased the property in mid-2007. At the time, the building was fully occupied with a tenant that eventually moved out, leaving a prime block of large space available.