Thank you for sharing!

Your article was successfully shared with the contacts you provided.

AUSTIN-General Employment Inc., a job-placement company based in Oakbrook Terrace, IL, closed its Austin office and several others due to under performance and subsequent losses. General Employment’s office was at Cielo Center, 1250 S. Capital of Texas Highway, in the city’s southwest submarket.

The company said the closing of the Austin, Cincinnati, Riverside and San Rafael, CA offices “would minimize the impact a softening US economy is having on the bottom line,” Harold Imhoff, General Employment’s chairman and CEO, said in a prepared statement. With the closings General Employment has 37 branch offices.

General Employment specializes in staffing for information technology, engineering and accounting workers, areas in which demand has suffered with the fall off in the economy’s technology sector.

The Cielo Center, three six-story buildings totaling 270,711 sf, is owned by Prentiss Properties Trust, based in Dallas. Prentiss has five Austin office projects with a total of 1.8 million sf and two other office buildings under development.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.