AUSTIN-The Capital Area Council of Governments, serving 10 counties in Greater Austin, has taken down 28,700 sf in a long-term lease for Bergstrom Technology Center.

Details about the deal and the move-in were unavailable by press time, but the organization will be relocating from 2512 S. Interstate 35 to 6800 Burleson Rd., taking space to a 274,231-sf building that was formerly occupied by Lockheed Martin Corp. The Bergstrom Technology Center at 6800 Burleson Rd. is part of a 700-acre, mixed-use corporate campus. KBS Realty Advisors of Newport Beach, CA is the owner.

The tech center’s quotes for the multi-faceted space range from $4.80 per sf to $15 per sf. The deal pushes the 1984-constructed center to 75% occupancy.

“Capcog is a perfect addition to the current mix of governmental tenants in the building,” Greg Johnson, vice president for Transwestern Commercial Services in Austin, says in a press release. Johnson represented KBS while Gaines Bagby of CB Richard Ellis in Austin was the tenant’s rep.

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?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

GlobeSt

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 © 2024 ALM Global, LLC. All Rights Reserved.