[AusTxDevelopment]

Originally Posted by KevinFromTexas

http://www.bizjournals.com/austin/bl....html?page=all

Whole Foods among several cos. seeking big space
Austin Business Journal by Jan Buchholz, Staff Writer
Date: Friday, October 5, 2012, 8:34am CDT - Last Modified: Friday, October 5, 2012, 10:30am CDT

Jan Buchholz
Staff Writer- Austin Business Journal

There are a several errors in that Jones Lang LaSalle report she quotes in her story:

1. Whole Foods signed a short-term lease at Las Cimas Office Park on Loop 360 - they say they are "looking" for 300K sf but they have already tenantively agreed to take Schlosser's building behind their headquarters once it gets built. The only thing that will change that will be a delay in construction.
   
   
2. PPD has been looking for a large flex or industrial space to consolidate all of their locations for almost 2 years. Eventually they will end up signing a lease somewhere, but their search is moving as slow as molasses.
   
   
3. HID is building a large industrial building in TechRidge so they are only looking for temporary industrial space to occupy until their building gets built.
   
   
4. WhaleShark was thisclose to signing a long term lease at Seaholm, but the developers couldn't guarantee a delivery date for the redevelopment and WhaleShark won't sign a lease if they don't know when they can move in, so they are talking to their current landlord about expanding their existing office space onto two more floors in the building. WhaleShark may still end up going to Seaholm if they can't work out their office expansion, but they are VERY unhappy with the Seaholm developers right now.
   
   
5. Alcatel-Lucent just signed a lease renewal for 75,000 square feet for their current office space at 12515-5 Research Park, so they are not in the market looking for office space.