UpCycle amenities include conference/collaborative space, coffee bar, showers and fitness center.
AUSTIN, TX—Completed in 2018, UpCycle is the newest class-A creative office space in the East Austin submarket. The 81,660-square-foot creative office and adaptive-reuse project located on 6th Street recently sold to an undisclosed buyer.
HFF represented the seller, a joint venture between EverWest Real Estate Investors, George Oliver Companies and WHI Real Estate Partners, and procured the buyer. HFF arranged original financing for the conversion on behalf of the seller in 2018.
The property is fully leased to H-E-B and features amenities including patio space, conference space, collaborative areas, coffee bar, showers, fitness center and free on-site parking for employees. Positioned on 3.06 acres at 2498 E. 6th St. in East Austin, UpCycle is just 1.5 miles from Austin's central business district in the East Austin neighborhood, which is surrounded by a host of new class-A apartments and entertainment venues.
The HFF investment advisory team representing the seller included director Drew Fuller, senior director Kelsey Roop Shebay, senior managing director Coler Yoakam and director Michael George.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
