Posted Nov 3, 2022, 3:46 AM
|
|
Moderator
|
|
Join Date: Jan 2009
Location: 360, St. Edwards
Posts: 12,346
|
|
Meta backs out of plan to occupy 589K sf in Austin
Quote:
As Meta moves to shrink its office footprint, the Facebook parent is backing out of a plan to fill a new building in downtown Austin.
The tech giant plans to sublease rather than occupy the 589,000 square feet it leased at Lincoln Property Company’s Sixth and Guadalupe, The Real Deal has learned.
The massive lease, announced in January, is for all of the office space at the under-construction, 66-story tower, and is one of the largest office leases in city history.
Lincoln Property Company declined to comment, but Andrea Beasley, a spokesperson for Meta, confirmed the decision.
|
|