{"id":1004556284,"date":"2021-11-02T01:28:26","date_gmt":"2021-11-02T09:28:26","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004556284"},"modified":"2022-12-08T21:15:37","modified_gmt":"2022-12-09T05:15:37","slug":"canva-signs-for-37-ksf-in-east-austin","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/canva-signs-for-37-ksf-in-east-austin\/","title":{"rendered":"Canva Signs for 37 KSF in East Austin"},"content":{"rendered":"
\"\"<\/a>

Eastlake at Tillery – Building One<\/p><\/div>\n

The Skyworks Solutions Inc.-anchored Eastlake at Tillery has scored a new tenant. Canva has signed a 36,932-square-foot lease with Cypress Real Estate Advisors, at Building One of the developer\u2019s Class A office property totaling 172,000 square feet in Austin. AQUILA Commercial represented CREA in the transaction, while JLL worked on behalf of the tenant.<\/p>\n

CREA broke ground on the project in late 2019 and financed the recently completed office development with a $44 million construction loan originated by First United Bank and Trust Co., according to CommercialEdge data.<\/p>\n

Delineate Studio designed the LEED-proposed project, while Blacksmith Collaborative served as landscape architect and Harvey Cleary filled in the role of general contractor, coordinated by Epic Project Management Group as project manager.<\/p>\n

\n

READ ALSO:<\/strong> Behind Hines\u2019 1st Austin Office Project in 40 Years<\/a><\/p>\n

\n

The two-building office complex at 3212 E. Cesar Chavez St. also has an adjoining multi-level parking structure with a parking ratio of 3.3 spaces per 1,000 square feet. The three-story Eastlake at Tillery features private tenant patios, a shared conference room, a fitness center, a caf\u00e9 along with a rotating exhibition of local artwork. Outdoor amenities include ample green spaces with seating areas and a permanent airstream food trailer.<\/p>\n

The office campus is in the East Austin submarket, roughly 2 miles away from Interstate 35 and less than 5 miles from Austin-Bergstrom International Airport. Eastlake at Tillery is some 3 miles southeast of downtown Austin.<\/p>\n

Tenant activity<\/h2>\n
\"\"<\/a>

Eastlake at Tillery – Building Two<\/p><\/div>\n

In July, CREA secured a full-building lease with Skyworks Solutions Inc. at the larger, 96,497-square-foot Eastlake at Tillery – Building Two. AQUILA Commercial facilitated the transaction on behalf of the landlord and Newmark represented Skyworks.<\/p>\n

East Austin has recorded more than 400,000 square feet of absorption in the third quarter, with another expected surge looking ahead, said Ben Tolson, managing principal with AQUILA Commercial.<\/p>\n

As of September, office vacancy across Austin reached 15.7 percent, down 20 basis points once again<\/a> month-over-month. While the market’s vacancy rate mirrors a decreasing national trend, it is still a 510-basis-point increase year-over-year, according to CommercialEdge data.<\/p>\n","protected":false},"excerpt":{"rendered":"

The deal follows a full-building lease by another tenant, inked at the campus earlier this year.<\/p>\n","protected":false},"author":1763,"featured_media":1004556285,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21784,21742,21747],"tags":[37534,44186,32796,50999],"class_list":["post-1004556284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-brokerage","category-latest","category-office","tag-aquila-commercial","tag-cypress-real-estate-advisors","tag-jll","tag-newmark"],"acf":[],"yoast_head":"\nCanva Signs for 37 KSF in East Austin - 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\/canva-signs-for-37-ksf-in-east-austin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canva Signs for 37 KSF in East Austin\" \/>\n<meta property=\"og:description\" content=\"The deal follows a full-building lease by another tenant, inked at the campus earlier this year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/canva-signs-for-37-ksf-in-east-austin\/\" \/>\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=\"2021-11-02T09:28:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T05:15:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/11\/Eastlake-at-Tillery-e1635764413710.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"945\" \/>\n\t<meta property=\"og:image:height\" content=\"710\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Agota Felhazi\" \/>\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\/canva-signs-for-37-ksf-in-east-austin\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/canva-signs-for-37-ksf-in-east-austin\/\",\"name\":\"Canva Signs for 37 KSF in East Austin - 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