Mohr Capital Secures Lease Expansion and Extension with Arrive Logistics at MetCenter in Austin, Texas
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Mohr Capital worked with Arrive to negotiate the freight broker company’s lease expansion from an initial flex space of 78,000 SF in MetCenter Buildings 14 and 15 to an additional 38,000 SF in Building 15 for a total of 116,000 square feet. Arrive currently employs more than 850 people based in Austin who are already working on the newly added campus extension.
“The trend among technology and logistics companies that have flexible office / industrial space outside of Austins The city center has only continued to grow, “said Rodrigo Godoi, Managing Director Investments at Mohr Capital. “Arrive Logistics is a perfect example of a loan tenant on the cutting edge of their real estate strategy. We are pleased to have worked with the company to bring their lease extension and long term rental into one of Austins most desirable mixed-use business parks. “
Arrive Logistics is one of the fastest growing freight brokerage companies in the country with exponential growth in both size and revenue since its inception in 2014. Arrive plans to hire more than 1,000 people over the next 12 months, a strategy that supports this expansion supports. Headquarters in Austin with an office in Chicago, Illinois, Arrive was named both Best Place to Work and Inc. 5000 Fastest Growing Private Company by Inc. Magazine.
“Over the past seven years, Arrive has invested significantly in growing our technology and sales teams to meet the changing needs of the logistics industry,” said J-Ann Tio, chief strategy officer, Arrive Logistics. “We are very excited to provide our organization with a world class work environment that has been purposely created to support Arrive’s continued growth and investment in the city Austin. “
In 2019, Mohr Capital acquired its 404,800 SF MetCenter portfolio from Zydeco Development. At the time, the portfolio consisted of MetCenter Building 3, a 160,000 SF industrial warehouse / logistics building inhabited by Amazon and Uber Technologies, and MetCenter Buildings 12-15, a 244,800 SF office building owned by Arrive, Ascension Seton, Austin Java and the State of Texas Health and Human Services Commission.
In May 2021, Mohr Capital sold MetCenter Building 3 and an adjacent 20 acre parking lot that is 100% owned by Amazon Services LLC. Buildings 12-15 are currently occupied by Arrive, Ascension Seton, Texas Health and Human Services Commission, and Power Home Remodeling.
MetCenter is a 550 acre mixed-use Class A business park 10 minutes from Austins Downtown and adjacent to Austin-Bergstrom International Airport. The park has direct access to the city’s major thoroughfares, including Highway 183, US 290, Highway 130, Highway 71, and Interstate 35.
About Mohr Capital
Mohr Capital is a private real estate investment company specializing in the acquisition, development and appreciation of office, industrial and retail properties in the United States. The Mohr Capital team has decades of experience in commercial real estate and has more than $ 2.5 billion in transactions. Driven by a value-based strategy and entrepreneurial spirit, the company relies on strong, long-term relationships and has the in-depth market knowledge necessary to capitalize on undervalued or underperforming properties. With its family office structure, Mohr Capital can close quickly and can demonstrably achieve the highest risk-adjusted returns. For more information, visit mohrcap.com or follow the company on LinkedIn.
About arrival logistics
Arrive Logistics is one of the fastest growing freight brokerage companies in the country with exponential growth in both size and revenue since its inception in 2014. Arrive’s team brings a unique sense of determination and determination to their work and is focused on meet the diverse needs of shippers and carriers and work every day to exceed their expectations with unparalleled service, seamless technical capabilities and custom solutions. Headquartered in Austin, TX, and an office in Chicago, Illinois, Arrive was recognized by Inc. as both Best Workplace and Inc. 5000 Fastest Growing Private Company. Find out more at www.ankunftlogistik.com.
SOURCE Mohr Capital
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