AUSTIN – Chicago-based Novel Coworking has purchased a six-story building at 14205 N. Mopac Expy.
Called Executive Plaza, the 64,336-sf, Class B asset was built in 1986. It is 85 percent occupied to tenants including Bankers Life & Casualty Co., Agnew Associates Inc., and Simms Insurance LLC.
Novel will renovate the remaining 15 percent of the building into a lounge, private offices, and coworking suites.
Fourth- and fifth-floor renovations will begin this year. Work will take between six and nine months.
This is the company’s fourth location in Texas, joining two locations in Houston and one in Dallas.
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