AUSTIN—San Francisco-based Drawbridge Realty has signed a new seven-year lease with Germany-based Younicos AG for approximately 32,500 square feet at 3100 Alvin Devane in Austin. The company will use the space as its U.S. headquarters and product-demonstration location.  

“Drawbridge and Younicos currently have plans at the city for interior-tenant improvements with construction anticipated to begin this month,” Brandi Tribulato, vice president at Drawbridge, told GlobeSt.com. “Younicos has committed to over seven years of lease term at the property, validating Drawbridge's long-term redevelopment vision for this asset.”

"This lease demonstrates the need for a well-designed functional office/R&D space that is five minutes from Bergstrom International Airport and downtown Austin," says Chris Elmendorf, vice president of investments for Drawbridge.

Drawbridge Realty started a multimillion-dollar redevelopment of the 71,375-square-foot building in December, with completion originally scheduled for this month. The redevelopment converts a former industrial flex building into a modern office space.

"We were charged with updating an outdated 1980s-style building and giving it a modern look and feel with lots of natural light, wide-open workflow spaces as well as energy-efficient design details throughout,” says lead architect Stephen Levy of LEVY Architects. “Our team was given the freedom to let the design drive the decisions, versus having to compromise the design because of existing structural contingencies."

The renovated building also includes two large lobbies, each featuring staircases; open architecture and new glazing on existing internal wall panes, giving the interior an intentionally unpolished aesthetic; a new roof; 30 energy-efficient windows; and new mechanical systems throughout.

The project was designed by LEVY Architects with Structura Inc. as the general contractor. Kevin Granger and Matt Frizzell with Peloton Commercial Real Estate are marketing the project on Drawbridge's behalf.