Savills Studley Represents Accruent in 104K-SF HQ Relocation to the Domain in Northwest Austin
Austin, TX (May 4, 2016)
Savills Studley, the preeminent global commercial real estate services firm specializing in tenant representation, has announced it has represented Accruent in its relocation and consolidation to 104,448 square feet of space at 3110 Esperanza Crossing in Austin, TX in the Domain.
The leading real estate and facilities management software company is currently located at Braker Pointe II (10801 North MoPac Expressway) and Quarry Oaks (10900A Stonelake Boulevard) and will consolidate into its new space by October 2016. The Domain is located at the geographic center of Austin and acts as Austin’s “second downtown” providing residential, entertainment, retail and office uses.
Steve Walbridge, Marcus Arredondo, John Scoblick, Alecia Burdick all of Savills Studley represented Accruent LLC in the negotiation; Jonathan Tate of Endeavor represented the landlord, TR Domain LLC (TIER REIT).
“The Domain is a perfect location for our new offices,” said Accruent’s CEO, Mark Friedman. “We will not only have the space to accommodate our rapid growth but we will also be able to design a working environment that reinforces our company culture. Most importantly, we will create a place where our people can thrive.”
“With the significant growth Accruent is experiencing, the company was looking to expand its footprint, but most importantly wanted to consolidate its two locations,” said Scoblick, corporate managing director of Savills Studley in Austin.
“Accruent has seen its growth accelerate dramatically once they decided to relocate from Santa Monica, CA to 14,000 square feet in Austin in early 2011,” added Walbridge, executive vice president and director of Savills Studley in Los Angeles, who assisted Accruent with this initial move to and continued expansion in Austin.
Accruent helps real estate and facilities leaders deliver long-term, world-class operational and financial performance through industry-specific suites that deliver greater customer value. Accruent’s solutions are at work in more than 4,500 leading organizations worldwide, including 40 percent of the top 100 retailers, 20 percent of the Fortune 500, 40 percent of the leading universities, all of the top 4 U.S. wireless carriers, 55 percent of U.S. hospitals, and leading service providers managing more than 4 billion square feet of property. Founded in 1995, Accruent is headquartered in Austin with U.S. offices in Santa Monica, Evanston, Columbus, Pittsburgh and Boston. Outside of the U.S., Accruent has offices in Vancouver, BC; Burnaby, BC; Calgary, AB; Vaughan, ON; Reading, UK and Hong Kong. For more information, visit www.accruent.com.
About Savills Studley
Savills Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, the firm pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, supported by high quality market research and in-depth analysis, Savills Studley provides strategic real estate solutions to organizations across all industries. The firm’s comprehensive commercial real estate platform includes brokerage, project management, capital markets, consulting and corporate services. With 29 offices in the U.S. and Canada, and a heritage of innovation, Savills Studley is well known for tenacious client advocacy and exceptional service.
The firm is part of London-headquartered Savills plc, the premier global real estate service provider with over 30,000 professionals and over 700 locations around the world. Savills plc is listed on the London Stock Exchange (SVS.L).
For more information, please visit www.savills-studley.com and follow us on Twitter @SavillsStudley and LinkedIn.