National Veterinary Associates has inked a deal for 39,000 square feet at The Bouldin in Austin.
The lease positions NVA, the owner-operator of more than 1,500 veterinary hospitals and pet resorts in the United States, on the uppermost floor of the four-story office building at 1301 South Lamar, the Austin Business Journal reported.
The Bouldin, which is under development by Austin-based Seamless Capital, is a mixed-used development in the 1300 and 1400 blocks of South Lamar Boulevard. Endeavor Real Estate Group is managing leasing of the three-story office building. Cushman & Wakefield’s Daniel Rasmussen and Brian Walker represented NVA in the lease.
The development also includes a two-building apartment complex with 300 units, with about 30 reserved as affordable to residents earning 60 percent of the area median income. They are expected to hit the market next year, and Greystar is handling the apartment leasing.
The move is part of NVA’s headquarters relocation. Two years ago, the company shifted its base from El Segundo, California, to Austin, operating out of a 30,000-square-foot sublease at 2043 South Lamar.
Austin faces a high office vacancy rate of 24.3 percent, but the market is gradually recovering.
Recent high-profile leases include PayPal’s expansion to 151,000 square feet at Domain Tower 2 and Wise PLC’s 60,000-square-foot deal in the same building, which is 75 percent leased.
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The Bouldin will also include retail, such as Postino Wine Cafe and Paperboy restaurant. Life Time is also set to join the tenant roster with a 57,700-square-foot gym slated to open on the first and second floors next summer.
— Andrew Terrell