Uplands Corporate Center In SW Austin Fully Leased

AUSTIN, TX — Uplands Corporate Center Phase I, a 167,369 square foot, Class-A office building in southwest Austin, is now fully leased with the addition of a national credit tenant, officials said in a press advisory.

Located at 5301 Southwest Parkway, the building now includes a well-diversified tenant roster of professional firms from the energy, financial services, legal and technology industries, among others.

Now that Uplands Corporate Center Phase I is fully leased, officials added, construction has begun on Uplands Corporate Center Phase II. The Phase II building will consist of a modern, 3-story, 124,405-square-foot office building and expansion of an existing parking garage to service the two building, 291,774-square-foot campus. Groundbreaking for Uplands Corporate Center Phase II occurred in December of 2019 and the building is expected to be delivered and ready for tenant improvements by this year's fourth quarter.

Troy Holme and Casey Ford with CBRE represent the landlord, Drawbridge Realty, in the leasing of both Uplands Corporate Center Phase I and II.

“The Southwest sub-market of Austin is growing quickly and is seeing a lot of interest from companies relocating to and within Austin,” Troy Holme, Executive Vice President at CBRE in Austin, said in a prepared statement. “What we saw with the lease up at Uplands Corporate Center Phase I is that companies are very attracted to the Southwest Parkway’s convenient access to both downtown and the airport. The project also offers value, given the aesthetic qualities of being located in the beautiful Texas Hill Country combined with its amenities and project features. We expect this interest to continue with Uplands Corporate Center Phase II.”

In addition to the Class-A office space, Uplands Corporate Center Phase I and II offer private walking and running trails on the 48-acre site, a structured parking garage, an outdoor amenity center, state-of-the-art gym, on-site food truck service, nearby retail amenities at Lantana Place, and easy access to highways 360, 290, and the Mopac Expressway.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

About Drawbridge Realty

Drawbridge is a San Francisco-based real estate investment company that targets commercial property investments in growth markets across the U.S. Its portfolio primarily consists of office properties leased long-term to large corporations, with an emphasis on strategically important locations. Drawbridge has a long history of successfully creating value for corporate clients and investors, and has completed transactions with companies including Bayer, Broadcom, IBM, Google, Johnson & Johnson, L3Harris Technologies, Lockheed Martin, Medtronic, National Instruments, and Northrop Grumman. Drawbridge’s current portfolio comprises 49 properties totaling over 5.2 million square feet. For more information, please visit: www.drawbridgerealty.com.