Meta goes mega on Texas office space

Tech company leases 33 floors in Austin’s tallest building

National /
Jan.January 10, 2022 02:45 PM
400 West Sixth Street in Austin with Meta's Mark Zuckerberg (Getty)

400 West Sixth Street in Austin with Meta’s Mark Zuckerberg (Getty)

Meta Platforms is making a splash in downtown Austin.

The company, formerly known as Facebook, leased all the office space in the Sixth and Guadalupe building, which will be the tallest tower in the Texas capital, according to the Austin Business Journal. It rented 589,000 square feet across 33 floors in the building, which is under construction at 400 West Sixth Street.

Rising 875 feet, the 66-story tower will be the first Austin high-rise with a total of a million square feet. In addition to offices, it will have 349 residential units on the 34th to 66th floors and 10,000 square feet of retail space. Construction on the commercial portion of the building was finished in late 2021. The building is expected to be complete in 2023.

The company sealed the deal Dec. 31. It’s the second-largest office lease in downtown Austin, according to ABJ. Google has leased a high-rise with 723,000 rentable square feet that’s under construction at 601 West Second Street.

Dallas-based Lincoln Property Company Commercial, San Antonio’s Kairoi Residential and San Francisco’s Divco West Real Estate Services are developing Sixth and Guadalupe. Gensler, also based in San Francisco, is the architect. JE Dunn Construction Group, from Kansas City, is the general contractor.

Meta will still lease other Austin offices, including multiple floors at 300 West Sixth Street downtown and the space it leases in the Third + Shoal Tower at 607 West Third Street—256,500 square feet across 11 floors. Meta also leases all 320,000 square feet of offices in the 17-story Domain 12 tower in North Austin, the same neighborhood where Amazon recently rented 330,000 square feet in a planned building.

The tech company has about 2,000 employees in Austin and aims to add 400 more. It has announced plans to reopen U.S. offices at the end of January, although employees can defer their return until June.

[ABJ] — Cindy Widner





    Related Articles

    arrow_forward_ios
    No Joke: Pete Davidson (left) and Colin Jost just purchased a Staten Island Ferry boat. (Getty)
    Floating real estate: Colin Jost, Pete Davidson buy Staten Island Ferry boat
    Floating real estate: Colin Jost, Pete Davidson buy Staten Island Ferry boat
    Vicky Ward (CNN)
    Vicky Ward breaks down New York State’s Trump investigation
    Vicky Ward breaks down New York State’s Trump investigation
    Lloyd's of London headquarters at Lime Street (Lloyd's of London/CC BY 2.5 - via Wikimedia Commons, iStock)
    Lloyd’s of London may exit “Inside Out” home after three decades
    Lloyd’s of London may exit “Inside Out” home after three decades
    (iStock/Illustration by Kevin Rebong for The Real Deal)
    NYC investment sales hit multi-year peak to end 2021
    NYC investment sales hit multi-year peak to end 2021
    Tax assessments rise 9%, signaling higher bills for landlords
    Tax assessments rise 9%, signaling higher bills for landlords
    Tax assessments rise 9%, signaling higher bills for landlords
    From left: Ryan Johnson and Jeff Berens, co-founders of Culdesac, in front of a rendering of Culdesac Tempe (Culdesac, iStock)
    Startup that wants to build car-free cities raises $30M Series A
    Startup that wants to build car-free cities raises $30M Series A
    From left: Stephen Schwarzman, chairman, Blackstone; Barry Sternlicht, chief executive officer, Starwood Capital Group (Getty Images, Brookfield Asset Management/Illustration by Steven Dilakian for The Real Deal)
    Blackstone, Starwood to pay $1.5B for WoodSpring Suites properties
    Blackstone, Starwood to pay $1.5B for WoodSpring Suites properties
    Keith Powers, Democratic District 4 representative on the New York City Council, in front of 45 East 45th Street (Getty Images, The Roosevelt Hotel, iStock/Illustration by Steven Dilakian for The Real Deal)
    Local lawmakers aim to landmark shuttered Roosevelt Hotel
    Local lawmakers aim to landmark shuttered Roosevelt Hotel
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...