Drawbridge moves Younicos to seven-year lease in Austin

AUSTIN – San Francisco-based Drawbridge Realty has signed a new seven-year lease with Germany-based Younicos AG for approximately 32,500 sf at 3100 Alvin Devane.

The company will use the space as its U.S. headquarters and product-demonstration location.

Drawbridge Realty started a multimillion-dollar redevelopment — converting a former industrial flex building into a modern office space — of the 71,375-sf building in December, with completion originally scheduled for this month.

"This lease demonstrates the need for a well-designed functional office/R&D space that is five minutes from Bergstrom International Airport and downtown Austin," says Chris Elmendorf, vice president of investments for Drawbridge.

The renovated building also includes two large lobbies, each featuring staircases; open architecture and new glazing on existing internal wall panes, giving the interior an intentionally unpolished aesthetic; a new roof; 30 energy-efficient windows; and new mechanical systems throughout.