Ascentris and Stream Announce First Lease at Paloma Ridge – Building C

October 14 < 1

Execute 27K SF Lease with Hewlett Packard Enterprise

AUSTIN (October 14, 2019) – Ascentris, a Denver-based real estate private equity firm, and Stream Realty Partners, announced today the execution of a 27,326 square feet lease with Hewlett Packard Enterprise (HPE) at Paloma Ridge – Building C in North Austin.

Building C, totaling 165,714 square feet, is currently under construction and on track to deliver in 1Q-2020. Buildings A & B were originally developed by Stream Realty Partners, who is now developing Building C on behalf of Ascentris. The two existing buildings consist of 210,610 square feet and are 100% leased; Building C will bring the total square footage of the campus to 376,324 square feet.

Building C is three-stories, with large, flexible floorplates of 55K square feet and private terraces on the third floor. The design includes a high-end fitness center with spa-quality locker rooms, a one-mile jogging trail and outdoor amenity areas. Ascentris is seeking certifications from WiredScore and LEED to demonstrate its commitment to developing a smart, healthy and sustainable building.

“In designing Paloma Ridge – Building C, we understood the importance of the amenity base and connectivity the campus could offer tenants that are seeking to attract and retain talent,” said Ascentris Managing Director, Jeff Stonger, “We are excited to see that vision come to light and to welcome HPE to the campus.”

Stream Realty Partner’s Edvin Beasley and Scott Deskins are the leasing agents for the campus. Ford Alexander and Holliday Hinckley with Cushman and Wakefield represented HPE.

“We are pleased to welcome HPE to Paloma Ridge,” said Stream Managing Director, Edvin Beasley. “Companies like HPE demand more from their real estate and we’re happy to provide a sustainable and technologically advanced atmosphere for their new Austin home.”