{"id":1004204546,"date":"2018-01-22T09:11:25","date_gmt":"2018-01-22T17:11:25","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004204546"},"modified":"2022-12-06T22:41:13","modified_gmt":"2022-12-07T06:41:13","slug":"austin-office-development-nearing-full-occupancy","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/austin-office-development-nearing-full-occupancy\/","title":{"rendered":"Austin Office Development Nearing Full Occupancy"},"content":{"rendered":"<p>By Timea Papp<\/p>\n<div id=\"attachment_1004173963\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Capture3.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004173963\" data-attachment-id=\"1004173963\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/invesco-buys-stake-in-austin-office-tower\/capture-92\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Capture3.jpg\" data-orig-size=\"800,601\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Third + Shoal Rendering\" data-image-description=\"&lt;p&gt;Third + Shoal Rendering&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Third + Shoal Rendering&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Capture3.jpg?w=800\" class=\"wp-image-1004173963 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Capture3.jpg\" alt=\"Third + Shoal Rendering\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Capture3.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Capture3.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Capture3.jpg?resize=768,577 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004173963\" class=\"wp-caption-text\">Third + Shoal Rendering<\/p><\/div>\n<p>TIER REIT has signed a series of leases at Third + Shoal, an under construction,\u00a0 approximately 345,000-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/invesco-buys-stake-in-austin-office-tower\/\">office tower\u00a0in Austin<\/a>, Texas. The company owns the project in a partnership with Invesco Real Estate and Cielo Property Group. Third + Shoal is slated for delivery in the third quarter of 2018.<\/p>\n<h2>Strong tenancy<\/h2>\n<p>Located at 601 West 3rd St., the property is nearing full occupancy, with more than 90 percent of the rentable space leased to a mix of notable tenants. Facebook has agreed to lease approximately 232,000 square feet. A Fortune 500 financial institution and a law firm are\u00a0part of the development\u2019s tenant base, occupying approximately 76,000 square feet. Additionally, the project boasts roughly 12,000 square feet of ground-floor retail space.<\/p>\n<p>Designed by Gensler, Third + Shoal broke ground in 2016 at the site of the former Austin Music Hall. The building will feature floor-to-ceiling glass windows, two loft floors with 25-foot clear heights, 11 outdoor balconies and a 4,000-square-foot roof terrace.<\/p>\n<p><em>\u201cThird + Shoal was designed to attract today\u2019s top tenants and their talent, and we\u2019re excited to see this becoming a reality. We look forward to welcoming these premier tenants, who further enhance Third + Shoal\u2019s prestige,\u201d<\/em> said Scott Fordham, president &amp; CEO of TIER REIT, in prepared remarks.<\/p>\n<p>Situated within Austin\u2019s Central Business District, Third + Shoal will be surrounded by numerous restaurants, residences and entertainment venues. The location provides access to the Lance Armstrong Bikeway, Shoal Creek Trail and the Lady Bird Lake Hike and Bike Trail.<\/p>\n<p><em>Rendering courtesy of Third + Shoal<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Third + Shoal broke ground in 2016 and is scheduled for completion in the third quarter of 2018. The project is more than 90 percent preleased to a mix of notable tenants.<\/p>\n","protected":false},"author":240,"featured_media":1004173963,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21784,21743,21782,21742,21747],"tags":[35116,35709,33012,33882,33579],"class_list":["post-1004204546","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-brokerage","category-deals","category-development","category-latest","category-office","tag-cielo-property-group","tag-facebook","tag-gensler","tag-invesco-real-estate","tag-tier-reit-inc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Austin Office Development Nearing Full Occupancy - Commercial Property Executive<\/title>\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\/news\/austin-office-development-nearing-full-occupancy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Austin Office Development Nearing Full Occupancy\" \/>\n<meta property=\"og:description\" content=\"Third + Shoal broke ground in 2016 and is scheduled for completion in the third quarter of 2018. The project is more than 90 percent preleased to a mix of notable tenants.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/austin-office-development-nearing-full-occupancy\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-22T17:11:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T06:41:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Capture3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"601\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Timea-Erika Papp\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/austin-office-development-nearing-full-occupancy\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/austin-office-development-nearing-full-occupancy\/\",\"name\":\"Austin Office Development Nearing Full Occupancy - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/austin-office-development-nearing-full-occupancy\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/austin-office-development-nearing-full-occupancy\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Capture3.jpg\",\"datePublished\":\"2018-01-22T17:11:25+00:00\",\"dateModified\":\"2022-12-07T06:41:13+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f58a713dcbdcb5aab2648af2aa04d6ae\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/austin-office-development-nearing-full-occupancy\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/austin-office-development-nearing-full-occupancy\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/austin-office-development-nearing-full-occupancy\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Capture3.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Capture3.jpg\",\"width\":800,\"height\":601,\"caption\":\"Third + Shoal Rendering\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/austin-office-development-nearing-full-occupancy\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Austin Office Development Nearing Full Occupancy\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f58a713dcbdcb5aab2648af2aa04d6ae\",\"name\":\"Timea-Erika Papp\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/1abbd000efb56bab071b49e7aa22c0d49e96fb0374efdef0909c7744785579a7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/1abbd000efb56bab071b49e7aa22c0d49e96fb0374efdef0909c7744785579a7?s=96&d=mm&r=g\",\"caption\":\"Timea-Erika Papp\"},\"description\":\"Timea is a senior writer covering CRE marketing, tech and real estate trends, as well as industry news in the U.S. Timea was previously a senior associate editor at Multi-Housing News and Commercial Property Executive and has an academic background in law. 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