Thank you for sharing!

Your article was successfully shared with the contacts you provided.

AUSTIN-NetStreams has taken 9,400 sf in a sublease at the Parmer & MoPac Office Center at 3600 Parmer Lane in the far northwest submarket. NetStreams is subleasing the space from Infogrames, signing for the balance of the lease’s term of about five years.

Rick Whiteley of the Austin office of Colliers International acted for NetStreams and Jay Lamy of Staubach Co.’s Austin office negotiated on behalf of Infogrames. NetStreams presently is set up in about 5,000 sf of flex/office space along Longhorn Boulevard.

Whiteley tells GlobeSt.com that NetStreams will move into the office in February 2003, the projected completion date for finish-out. NetStreams develops and sells products for distributing audio throughout homes. Whiteley says NetStreams looked at about 20 buildings in several submarkets before landing at Parmer & MoPac.

The far northwest submarket’s overall vacancy rate of 34.2% at the end of the third quarter was the city’s highest. The vacancy rate for the submarket’s class A space was 38.9% with rent averaging $21.79 per sf. Sublease space accounted for 48% of the vacant space.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • 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 © 2020 ALM Media Properties, LLC. All Rights Reserved.