Daytime parking lot included, could support creative office or retail showroom
AUSTIN, Texas – December 14, 2016 – CBRE has been selected by Cypress Real Estate Advisors as the exclusive leasing advisor for 203 Colorado Street. The single-tenant, 41,469-sq.-ft. freestanding building in downtown Austin will be available beginning the second quarter of 2017.
Originally constructed as an industrial/warehouse space, the building was completely renovated by Schlotzky’s for its corporate headquarters prior to its current occupancy by Compass Learning. The building sits on the corner of Third and Colorado Streets, one block west of Congress Avenue.
Notable features include use of a daytime parking lot with a 2:1000 sq. ft. ratio and direct access to the space, as well as signage and branding opportunities in the heart of the 2ND Street District. Interior features include high ceilings, an open central staircase, skylights, natural brick walls, and conference/huddle rooms throughout. The building has three levels, including a finished basement, and lockers and showers.
“203 Colorado is exactly the type of converted warehouse space that both fashion retail and creative office users are looking for in the urban core. The opportunity to lease a very unique, freestanding building in central Austin is rare and difficult to find,” said Katie Ekstrom, First Vice President, CBRE.
Ms. Ekstrom and Eric DeJernett of CBRE’s Austin office are representing the landlord.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 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.
