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| 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.
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| Curt Kremer |
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| 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.
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| Cortland Lowe |
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.
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| Edvin Beasley |
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.
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| Brad Philp |
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 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.
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.
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| 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.
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.
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| Case McCoy |
For more information about WHI Real Estate Partners L.P., visit www.whirep.com.
