Fenway Capital Advisors, previously a minority investor in the 233,550-square-foot Eastbound office building at 3232 E. Cesar Chavez St. in East Austin, has now become the primary equity partner of co-developers Lincoln Property Company and The KOR Group.
Fenway specializes in acquiring and revitalizing underutilized assets with strong growth potential across the southwest region.
The ownership group is currently working on expanding the property by approximately 46,000 square feet to create move-in ready suites ranging from 5,000-41,000 square feet. This project is expected to be completed by early 2025.
According to Seth Johnston of Lincoln Property Company: “We have secured new funding and paid off our construction loan which gives us more flexibility to meet market demands. We are now able to provide tenant improvements and offer fully furnished spaces for lease.”
Johnston along with Trish Williams (Vice President of Leasing) will oversee leasing activities at Eastbound.
