EverWest Leases Entire UpCycle Project to Texas-Based Grocer H-E-B

Upcycle Development, 2416 East Sixth Street, East Austin, TX

Austin, TX – EverWest, in partnership with WHI Real Estate Partners L.P. (“WHIREP”) and co-developer George Oliver Companies, has completed a long-term, full-building office lease at its UpCycle renovation project with Texas-based grocer H-E-B.

The lease will bring a world-class tech facility and innovation lab to East Austin, Texas.

H-E-B is scheduled to take occupancy of the approximately 82,000-square-foot UpCycle project during the first quarter of 2019.

Curt Kremer

“H-E-B’s occupancy of this building will put the finishing touches on what has been an exciting adaptive reuse project for our team,” said George Oliver Companies Managing Partner Curt Kremer.

Cadie Crean

“UpCycle’s vision was a great culmination of an ownership and design team working together to deliver a one-of-a-kind product in one of the country’s fastest growing cities.”

“UpCycle represents hundreds of hours focused solely on making this development a very ‘Austin’ creation,” added Cadie Crean, Director of Asset Management for EverWest.

Cortland Lowe

 “We couldn’t be happier that those efforts caught the eye of a true born-and-bred Texas company, and that this project will be the next chapter in their impressive growth story.

Located at 2416 E. Sixth Street in Austin, UpCycle represents a top-to-bottom renovation that transformed a 1972-built recycling facility into a new standard of institutional quality, creative office space for Austin.

The project totals two stories and 81,606 square feet and is peppered with ‘Austin’ features like artistic graffiti pillars and the retention of several original project elements, including areas that feature the building’s original corrugated metal exterior and incorporate artwork by local artists from the building’s prior use.

Edvin Beasley

Amenities at UpCycle include a common area lobby with collaborative meeting spaces, a coffee bar, outdoor patios, showers and a vintage boxcar incorporated into the façade of the building as an outdoor meeting space.

As part of the project’s improvements, the development team also installed entirely new building systems comparable to the best Class A buildings in the city.

UpCycle sits in East Austin, 1.5 miles from Austin’s central business district and within walking distance to light rail and a host of shopping and dining destinations.

Edvin Beasley, Brad Philp and Scott Deskins of Stream Realty Partners represented EverWest and WHIREP in the UpCycle lease.

Brad Philp

Cortland Lowe and Case McCoy of HPI Corporate Services represented H-E-B.

Gensler was the architect for UpCycle. Austin-based Burt Group is the general contractor.

EverWest has an active track record of successful creative office renovations spanning major markets across the West.

 In addition to UpCycle, these developments include LINQ in Redondo Beach, California; Junction 23 in Denver, Colorado; The Quad in Scottsdale, Arizona; and The Circuit in Tempe, Arizona.

EverWest Real Estate Investors LLC, a wholly owned subsidiary of GWL Realty Advisors, is a real estate investment and operating company based in Denver, Colorado. 

Scott Deskins

The company’s goal is to create significant value for investors through a combination of capital appreciation, strategic acquisition, development, capitalization, repositioning and management of commercial real estate assets. 

For more information on EverWest, visit www.everwest.com. For more information on GWL Realty Advisors, visit www.gwlra.com.

WHI Real Estate Partners L.P. (“WHIREP”) is a Chicago-based investment firm focused on repositioning middle-market real estate assets throughout the United States. 

Case McCoy

WHIREP manages a series of discretionary investment funds on behalf of university endowments, foundations, pension plans, family offices, and other investors.

 For more information about WHI Real Estate Partners L.P., visit www.whirep.com.

CONTACT:

Stacey Hershauer

FocusAZ
480.600.0195
stacey@focusaz.com