The recently sold 81,660-square-foot creative office and adaptive-reuse project fully leased to H-E-B is located amid the trendy East Austin neighborhood.
AUSTIN, TX—Completed in 2018, UpCycle is the newest class-A creative office space in the East Austin submarket. The 81,660-square-foot creative office and adaptive-reuse project located on 6th Street recently sold to an undisclosed buyer.
HFF represented the seller, a joint venture between EverWest Real Estate Investors, George Oliver Companies and WHI Real Estate Partners, and procured the buyer. HFF arranged original financing for the conversion on behalf of the seller in 2018.
The property is fully leased to H-E-B and features amenities including patio space, conference space, collaborative areas, coffee bar, showers, fitness center and free on-site parking for employees. Positioned on 3.06 acres at 2498 E. 6th St. in East Austin, UpCycle is just 1.5 miles from Austin's central business district in the East Austin neighborhood, which is surrounded by a host of new class-A apartments and entertainment venues.
The HFF investment advisory team representing the seller included director Drew Fuller, senior director Kelsey Roop Shebay, senior managing director Coler Yoakam and director Michael George.