{"id":154,"date":"2020-06-23T07:07:40","date_gmt":"2020-06-23T07:07:40","guid":{"rendered":"https:\/\/www.commercialsearch.com\/blog\/?p=154"},"modified":"2022-01-12T13:46:49","modified_gmt":"2022-01-12T13:46:49","slug":"cim-austin-office-expansion-penn-field","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/blog\/cim-austin-office-expansion-penn-field\/","title":{"rendered":"CIM Group Completes Penn Field Office Campus Expansion"},"content":{"rendered":"

Los Angeles-based CIM Group announced the completion of its new creative office space in Austin, Texas. Located within the Penn Field redevelopment, the 44,000-square-foot building is the first newly built component in the office campus.<\/p>\n

CIM\u2019s new two-story addition is the 11th building in the iconic, mixed-use campus. Officially dubbed \u201cBuilding E,\u201d the contemporary creative office is located near the Congress Ave. entrance. While the exterior design reflects the character of the historic Penn Field property, the interior offers modern spaces that can accommodate either a single occupant or multiple occupants. Furthermore, large floor plates allow for flexibility on configuration of the work space; high ceilings complement dramatic, full-height windows, which supply an abundance of natural light; and the property also sports outdoor patios and terraces.<\/p>\n

Creative tenants interested in office space for rent in Austin<\/a> can opt for: the entirety of the building; a full-floor lease, which would include roughly 21,000 square feet; or smaller floorplates, with options starting at 8,000 square feet. According to CIM Group, the shell space is available and ready for tenant improvements.<\/p>\n

\"office<\/a>
Penn Field, 3601 Congress Ave., Austin TX<\/em><\/figcaption><\/figure>\n

Penn Field was originally built in 1918 to serve as a U.S. Air Force base, although it did not have the opportunity to function as such prior to the end of the war. The complex \u2014 which, at that time, incorporated five buildings \u2014 served as a radio school instead of a flight training facility. It then went on to house a plant that manufactured wooden truck bodies through the early 1920s, when a powerful tornado leveled the property. Later, Penn Field was rebuilt and functioned as a furniture factory throughout most of the Great Depression. Finally, in the late 2000s, a massive redevelopment effort was mounted for the 16-acre site, which reclaimed the complex for mixed-use development, including retail, office and warehouse space.<\/p>\n

The tenant roster at Penn Field currently includes popular podcast and streaming radio platform iHeartRadio, as well as Gibson Guitars, Pandora, and esteemed local brands like High Brew Coffee, Deep Eddy Vodka and Vital Farms.<\/p>\n","protected":false},"excerpt":{"rendered":"

CIM Group announces the completion of Penn Field’s 11th and only newly constructed component. Building E incorporates 44KSF of Class A Austin office space across two stories and is ready for tenant improvements.<\/p>\n","protected":false},"author":48,"featured_media":157,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-office-news"],"acf":[],"yoast_head":"\nCIM Delivers New Penn Field Creative Office | CommercialSearch<\/title>\n<meta name=\"description\" content=\"CIM Group has completed Penn Field's 11th and only newly constructed component to date. Building E is 2 stories, 44KSF, and ready for tenant improvements.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/blog\/cim-austin-office-expansion-penn-field\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CIM Delivers New Penn Field Creative Office | CommercialSearch\" \/>\n<meta property=\"og:description\" content=\"CIM Group has completed Penn Field's 11th and only newly constructed component to date. Building E is 2 stories, 44KSF, and ready for tenant improvements.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/blog\/cim-austin-office-expansion-penn-field\/\" \/>\n<meta property=\"og:site_name\" content=\"CommercialSearch\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-23T07:07:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-01-12T13:46:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2020\/07\/downtown_austin_skyline_2019_Featured-image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ioana Ginsac\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ioana Ginsac\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/cim-austin-office-expansion-penn-field\/\",\"url\":\"https:\/\/www.commercialsearch.com\/blog\/cim-austin-office-expansion-penn-field\/\",\"name\":\"CIM Delivers New Penn Field Creative Office | CommercialSearch\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/cim-austin-office-expansion-penn-field\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/cim-austin-office-expansion-penn-field\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2020\/07\/downtown_austin_skyline_2019_Featured-image.jpg\",\"datePublished\":\"2020-06-23T07:07:40+00:00\",\"dateModified\":\"2022-01-12T13:46:49+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/#\/schema\/person\/48aeaad10a9efc4d927324fcb20632f2\"},\"description\":\"CIM Group has completed Penn Field's 11th and only newly constructed component to date. Building E is 2 stories, 44KSF, and ready for tenant improvements.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/cim-austin-office-expansion-penn-field\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/blog\/cim-austin-office-expansion-penn-field\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/cim-austin-office-expansion-penn-field\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2020\/07\/downtown_austin_skyline_2019_Featured-image.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2020\/07\/downtown_austin_skyline_2019_Featured-image.jpg\",\"width\":1280,\"height\":500,\"caption\":\"downtown austin skyline office towers commercial real estate\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/cim-austin-office-expansion-penn-field\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CIM Group Completes Penn Field Office Campus Expansion\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/blog\/\",\"name\":\"CommercialSearch\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/#\/schema\/person\/48aeaad10a9efc4d927324fcb20632f2\",\"name\":\"Ioana Ginsac\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/8c5f5914f0f974fc873bb1a038d7e7f5662f7de3395aee899b92a07f9ed68a3c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/8c5f5914f0f974fc873bb1a038d7e7f5662f7de3395aee899b92a07f9ed68a3c?s=96&d=mm&r=g\",\"caption\":\"Ioana Ginsac\"},\"description\":\"Ioana is a content writer who has been covering all-things-CRE (and more) for several Yardi network publications since 2017. You will find her byline regularly in industry news and market reports, but also on articles covering sustainable development, green urbanism, and innovation, all of which she has been passionately learning about for more than a decade. Her work has been referenced by publications including AmericanInno, Bisnow, BusinessInsider, Commercial Property Executive, Curbed, Fast Company, Forbes, GlobeSt.\",\"url\":\"https:\/\/www.commercialsearch.com\/blog\/author\/ioana-ginsac\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"CIM Delivers New Penn Field Creative Office | CommercialSearch","description":"CIM Group has completed Penn Field's 11th and only newly constructed component to date. Building E is 2 stories, 44KSF, and ready for tenant improvements.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/blog\/cim-austin-office-expansion-penn-field\/","og_locale":"en_US","og_type":"article","og_title":"CIM Delivers New Penn Field Creative Office | CommercialSearch","og_description":"CIM Group has completed Penn Field's 11th and only newly constructed component to date. Building E is 2 stories, 44KSF, and ready for tenant improvements.","og_url":"https:\/\/www.commercialsearch.com\/blog\/cim-austin-office-expansion-penn-field\/","og_site_name":"CommercialSearch","article_published_time":"2020-06-23T07:07:40+00:00","article_modified_time":"2022-01-12T13:46:49+00:00","og_image":[{"width":1280,"height":500,"url":"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2020\/07\/downtown_austin_skyline_2019_Featured-image.jpg","type":"image\/jpeg"}],"author":"Ioana Ginsac","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ioana Ginsac","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/blog\/cim-austin-office-expansion-penn-field\/","url":"https:\/\/www.commercialsearch.com\/blog\/cim-austin-office-expansion-penn-field\/","name":"CIM Delivers New Penn Field Creative Office | CommercialSearch","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/blog\/cim-austin-office-expansion-penn-field\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/blog\/cim-austin-office-expansion-penn-field\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2020\/07\/downtown_austin_skyline_2019_Featured-image.jpg","datePublished":"2020-06-23T07:07:40+00:00","dateModified":"2022-01-12T13:46:49+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/blog\/#\/schema\/person\/48aeaad10a9efc4d927324fcb20632f2"},"description":"CIM Group has completed Penn Field's 11th and only newly constructed component to date. Building E is 2 stories, 44KSF, and ready for tenant improvements.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/blog\/cim-austin-office-expansion-penn-field\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/blog\/cim-austin-office-expansion-penn-field\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/blog\/cim-austin-office-expansion-penn-field\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2020\/07\/downtown_austin_skyline_2019_Featured-image.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2020\/07\/downtown_austin_skyline_2019_Featured-image.jpg","width":1280,"height":500,"caption":"downtown austin skyline office towers commercial real estate"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/blog\/cim-austin-office-expansion-penn-field\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/blog\/"},{"@type":"ListItem","position":2,"name":"CIM Group Completes Penn Field Office Campus Expansion"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/blog\/#website","url":"https:\/\/www.commercialsearch.com\/blog\/","name":"CommercialSearch","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/blog\/#\/schema\/person\/48aeaad10a9efc4d927324fcb20632f2","name":"Ioana Ginsac","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/8c5f5914f0f974fc873bb1a038d7e7f5662f7de3395aee899b92a07f9ed68a3c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/8c5f5914f0f974fc873bb1a038d7e7f5662f7de3395aee899b92a07f9ed68a3c?s=96&d=mm&r=g","caption":"Ioana Ginsac"},"description":"Ioana is a content writer who has been covering all-things-CRE (and more) for several Yardi network publications since 2017. You will find her byline regularly in industry news and market reports, but also on articles covering sustainable development, green urbanism, and innovation, all of which she has been passionately learning about for more than a decade. Her work has been referenced by publications including AmericanInno, Bisnow, BusinessInsider, Commercial Property Executive, Curbed, Fast Company, Forbes, GlobeSt.","url":"https:\/\/www.commercialsearch.com\/blog\/author\/ioana-ginsac\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/blog\/wp-content\/uploads\/sites\/4\/2020\/07\/downtown_austin_skyline_2019_Featured-image.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/posts\/154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/users\/48"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/comments?post=154"}],"version-history":[{"count":3,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/posts\/154\/revisions"}],"predecessor-version":[{"id":254,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/posts\/154\/revisions\/254"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/media\/157"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/media?parent=154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/categories?post=154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/blog\/wp-json\/wp\/v2\/tags?post=154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}