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FUSE Workspace Buys Austin Office Building
10/26/22
FUSE Workspace, a locally based coworking company, has purchased a newly developed, 19.5k sf office building in Austin, TX. Located in the Dripping Springs submarket at 7710 N FM 620 13-D in Austin, TX, the asset is part of the 60k sf first phase of The Offices at Sawyer Ranch, which upon build-out of its two phases, will include 10 office and medical buildings. Build-out of the coworking space is now underway with an anticipated opening date for Q1 2023. The space will feature 89 private offices, five conference rooms, a café with barista machine, phone booths, and two full-time on-site FUSE staff. The Offices at Sawyer Ranch is well-located in a high-growth area with a significant amount of new development of both residential and commercial projects. Located directly off Hwy 290, the development is next to the 1,600-acre Belterra master-planned community and Belterra Village, a 200k sf retail center. The seller and developer of the project, Steve Harren, was repped by Dan Lewis and David Alsmeyer of TIG Real Estate Solutions. Giovanni Palavicini with Avison Young represented FUSE Workspace. FUSE’s first Austin location opened October 2020 in Bee Cave. Over the past two years, FUSE, has been rapidly expanding its market share for Texas coworking space. In addition to its two Austin locations, it has a third location in Houston. It is also currently in negotiations for an additional Austin location in Four Points, which is anticipated to close in late 2022. FUSE has partnered locally with Austin Pets Alive and the Central Texas Food Bank. For every new FUSE started, the company funds a new water well in an underserved community in Uganda and sponsors multiple Ugandan children to attend outstanding schools.
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