Austin-Based Data-Focused Business Leases 20,000-Square-Foot Office Space From athenahealth; Significantly Adds to High-Tech Presence in Seaholm District; Umbel to Double Employee Base in 2015
AUSTIN, TX--Jun 10, 2015 - Umbel, a leading customer data platform based in Austin, announced today its sublease of a 20,000-square-foot creative office space in the iconic Seaholm Power Plant from athenahealth, a leading provider of cloud-based services and mobile applications for medical groups and health systems. Projected to double its employee base within the year, Umbel will continue to expand its presence in the local Austin marketplace with the relocation of its downtown headquarters.
Umbel joins athenahealth, who currently leases over 103,000-square-feet of open, creative office space within the Seaholm Power Plant. After completing an extensive restoration and revitalization of the site's four floors, athenahealth is enabling a tremendous opportunity for a locally-rooted entrepreneurial organization to access the former industrial site.
The addition of Umbel to the Seaholm District complements the expansion of nationally reaching technology leaders, such as Google, Under Armour's Connected Fitness (formerly MapMyFitness), and athenahealth. The quickly developing technology hub will further enhance the appeal of the Seaholm District, offering high-paying and desirable employment opportunities to residents throughout the District and city of Austin.
"Building a company like Umbel is a once-in-a-lifetime opportunity and the potential impact we will have on the future of data is enormous. With the aggressive innovation roadmap we have ahead of us, settling for a typical office was not an option. Urbanspace and athenahealth have been tremendous partners in helping me secure an inspiration-infused urban cathedral for my team and place where we can mastermind the future of data," enthusiastically stated HO Maycotte, CEO of Umbel.
Kevin Burns, Broker & CEO of Urbanspace, brokered the sublease of the creative office space from athenahealth. Urbanspace has a longstanding relationship with Umbel and has represented them in past office leases. Given Urbanspace's record success with the residential component of the Seaholm redevelopment, the Seaholm Residences, as well as the newest addition to the Seaholm District, The Independent, Burns immediately identified the synergy between Umbel and the energy of the neighborhood.
"Umbel is a bold, innovative, and hyper-growth Austin business, revolutionizing how global companies value their own data. The Seaholm Power Plant is an iconic, innovative, and cutting-edge landmark in terms of its significance, impact, and community benefit. There is no better place for Umbel to continue its expansion and transformation in the city," said Burns.
Umbel will relocate to the Seaholm Power Plant in June 2015. Steve Cook, Principal, of Avison Young Boston, John Baird, Senior Vice President, and Burke Kennedy, Principal, of Avison Young Austin represented athenahealth in the lease.
The Seaholm Power Plant is the foundation of the larger Seaholm redevelopment, which includes a mixed-use, urban community center, featuring 1.5 acres of public open space and plaza; the Seaholm Residences, a 30-story, 280-unit residential tower; and a two-story, 66,000-square-foot modern glass and steel low-rise building with 33,000 square feet of office space currently used by Under Armour's Connected Fitness, and 33,000 square feet of retail space, including Trader Joe's market.
The Seaholm Power Plant redevelopment is located on the southwestern edge of downtown Austin, bounded by Cesar Chavez Street, West Avenue, West 3rd Street, Walter Seaholm Drive, and the A&NW rail line.
Umbel is a Customer Data Platform that empowers companies to unify and access their own customer data. Powered by the Digital Genome®, Umbel brings together data across silos and marketing execution systems into one unified, beautiful and actionable customer platform. Umbel's vision is to make data the most valuable asset you own. Founded in 2010, Umbel is headquartered in Austin, Texas. Visit www.umbel.com to learn more or connect with us on Twitter, Facebook or LinkedIn.
Urbanspace is an urban lifestyle brand established in Austin, Texas, in 2000 by visionary entrepreneur, Kevin Burns. Currently, three companies reside under the Urbanspace umbrella: Urbanspace Residential Real Estate, Urbanspace Commercial Real Estate, and Urbanspace Interiors. Urbanspace has spearheaded the real estate and design growth of downtown and the urban core through its wide breadth of local knowledge, years of experience, and a shared desire for living the urban lifestyle. Serving as the only real estate and interiors firm in downtown Austin, Urbanspace's passion is to connect clients to Austin's unique personality. For more information, visit www.urbanspacelifestyle.com or connect with us on Facebook, Twitter and LinkedIn.
ABOUT AVISON YOUNG:
Avison Young is the world's fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 1,700 real estate professionals in 66 offices, providing valueadded, client-centric investment sales, leasing, advisory, management, financing, and mortgage placement services to owners and occupiers of office, retail, industrial and multi-family properties. For more information, visit www.avisonyoung.com.
(512) 489 - 4490
(512) 923 - 6136