Tech Giant Accenture Renews Austin Lease

Monterey Oaks. Image courtesy of AQUILA Commercial

Capital City Partners has signed a lease renewal with tech consulting giant Accenture at its office complex in Southwest Austin. The tech company will continue to occupy 37,800 square feet of office space at the five-building complex, which has a total of 160,650 square feet.

Located on more than 18 acres at 5700 S. Mopac Expressway, the single-story Monterey Oaks office park was built in 1998 and is home to Texas Windstorm Insurance Association and chemical science company Sachem Inc., among other tenants, according to CommercialEdge.

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Terms of the lease renewal were not disclosed, however, the firm last renewed its lease 5 years ago, according to a press release from 2017. Last month, Accenture publicly released its second quarter financial results, which showed the company’s revenues at $15 billion, a 24 percent increase from the same time period last year.

AQUILA Commercial’s Managing Principal Chad Barrett represented the landlord in the lease deal, while CBRE Senior Vice President Marc Vanderslice worked on behalf of the tenant.

As of March, the office vacancy rate across Greater Austin jumped 50 basis points month-over-month coming to 15.9 percent, in line with the national average, CommercialEdge data shows. In the same month, AQUILA represented Kimley-Horn in extending its lease at Campus at Arboretum totaling 317,920 square feet in the city’s Northwest submarket. In February, Ferrovial Services inked a deal to occupy 11,575 square feet of space at the same office building.