AUSTIN, TX – March 18, 2024 – Stream Realty Partners, a national commercial real estate firm offering an integrated platform of services, announces that RiverSouth, its premier office development in Austin, Texas, has inked a 98,761-square-foot lease with Tokyo Electron, a leading global company in semiconductor and display production equipment. This addition brings RiverSouth’s office space occupancy to 98% 18 months post-delivery.
“We are excited to be relocating our North American headquarters to RiverSouth in downtown Austin,” Rick Turner, executive vice president, chief financial officer, and general manager of administration at Tokyo Electron Ltd., said. “This new workspace will allow our valued employees to experience new amenities and technology in a customized space designed for collaboration and innovation—two priorities at the heart of Tokyo Electron’s corporate philosophy. RiverSouth’s location is in perfect proximity to downtown, making it an ideal location for our company and colleagues to be more present in the city we have called home for thirty years.”
Situated south of Lady Bird Lake between downtown Austin and the South Congress District at 401 S. 1stSt., the 15-story, 372,000-square-foot high-rise offers tenants unparalleled amenities. In addition to being LEED Gold Certified and the first building in Texas to receive a SmartScore Platinum rating, RiverSouth provides tenants an elevated office and amenity experience with access to the Lady Bird Lounge, a sky terrace, glass-encased fitness facilities, spa-inspired changing rooms, ground-level restaurants and shopping, bike valet and storage, underground parking, and 24/7 onsite security.
“We are extremely proud that RiverSouth’s performance has surpassed market expectations,” said David Blackbird, Stream’s Executive Managing Director and Partner. “We designed an amenity-rich building giving tenants a work experience that feels like an extension of their home, and it’s proving to be extremely effective in a down market.”
Stream Managing Directors & Partners Brad Philp and Connor Greissing handle leasing for the building.
“We are thrilled to welcome yet another amazing tenant to RiverSouth,” said Philp. “The addition of Tokyo Electron to our tenant roster is a testament to the appeal of the development. Our commitment to providing an exceptional workplace experience, coupled with cutting-edge amenities, has positioned RiverSouth as a top-choice destination for businesses seeking a vibrant and innovative environment.”
“With RiverSouth, we created a place that seamlessly blends convenience, collaboration, and community, allowing tenants to experience the elements that make membership-style enclaves renowned for providing top-tier service and an unparalleled array of amenities, setting a benchmark for excellence in hospitality and fitness experiences,” added Greissing.
Tokyo Electron joins RiverSouth’s esteemed tenant lineup, including Baker Botts, Alert Media, Under Armor, Goldman Sachs, and Arminino, along with Stream Austin’s headquarters.
For more information about RiverSouth, please visit www.riversouthaustin.com.
About Tokyo Electron Limited
As a leading global company of semiconductor and flat panel display (FPD) production equipment, Tokyo Electron Limited (TEL) engages in development, manufacturing, and sales in a wide range of product fields. All of TEL’s semiconductor and FPD production equipment product lines maintain high market shares in their respective global segments. TEL provides outstanding products and services to customers through a global network of approximately 78 locations in 18 countries in the U.S., Europe, and Asia. Learn more about Tokyo Electron Ltd here.
About Stream Realty Partners
Stream Realty Partners is a national commercial real estate firm offering an integrated platform of services including leasing, Legendary CX property management, tenant and landlord representation, capital markets, investment management and sales, development, construction management, national program management, workplace strategies, strategic marketing, and dedicated research. The company is headquartered in Dallas and operates 15 core offices in markets that cover areas including Alexandria, VA; Arlington, VA; Atlanta; Austin; Boca Raton; Charleston; Charlotte; Chicago; Colorado Springs; Dallas; Denver; Fort Lauderdale; Fort Worth; Greenville, SC; Houston; the Inland Empire; Irvine; Los Angeles; Miami; Nashville; Orange County; Phoenix; Raleigh-Durham; Reston, VA; San Antonio; Tysons; Washington, D.C.; and West Palm Beach. Since 1996, Stream has grown to more than 1,350 professionals and now completes more than $6.9 billion annually in office, industrial, retail, healthcare, land, and data center transactions. For information, visit www.streamrealty.com and follow Stream on LinkedIn, Instagram, Twitter, and Facebook.
