In a lease renewal and expansion, Aetna has inked a five-year deal for 9,200 sf, David Sheldon, marketing representative for Austin's Endeavor Real Estate, tells GlobeSt.com. Effective Sept. 1, Aetna will be moving out of 7,800 sf within the suburban office project, located at the intersection of Loop 360 and Great Hills Trail.
Sheldon has represented the building owner, WBE Westech LP, in which Endeavor is the partner in charge of leasing and management. Lisa Jackson of CLW, Aetna's nationwide brokerage firm, and Jamil Alam of Trammell Crow Co.'s Austin office, have acted on the insurance company's behalf.
Aetna is taking a spot being vacated by Analog Devices, which has signed a deal for Riverplace Point in the city's far northwest submarket, explains Sheldon. He says Aetna had wanted to expand and Analog's exit notice had eliminated concern that Aetna, a long-term tenant, would have to move out of the project entirely. The property, save for Aetna's smaller space, is fully leased. And now that the deal's signed, marketing the 7,800-sf spot begins immediately, says Sheldon.
Westech's tenant roster includes Nextel, Intel Corp., Mentor Graphics and the high-profile law firm of Wilson Sonsini Goodrich and Rosati. "It's one of the most desirable suburban office buildings in Austin," he says of the project, which boasts three-story building designs with about 44,500 sf each.
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