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Barings Fully Leases 701 Rio Office Building In Austin, TX

London-based Barings, one of the world’s leading investment management firms, along with its development partner B&Z Development, announced that it has agreed to a full building lease at its new 124,000-square-foot, 701 Rio office building in downtown Austin, Texas. The long-term lease was executed in December 2021. The transaction amount and the name of technology-based tenant has not been disclosed.

701 Rio, located at the northeast corner of Rio Grande Street and West 7th Street, contains five stories of office space, five levels of subterranean parking, and sought-after tenant amenities including a 4,300 square foot rooftop terrace with compelling downtown views, a fitness center, and secure bike and scooter storage.

“Barings has a long and successful track record of investment in Austin, and we were pleased to partner with B&Z Development on this outstanding project,” said Deb Schwartz, Managing Director and Portfolio Manager for Barings U.S. Real Estate.

Rachel Coulter, Travis Rogers, and Kevin Kimbrough with JLL represented Barings on the lease transaction.

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About Erik Hamilton

Erik Hamilton, who has more than 15 years in CRE journalism, is a former staff writer with the Los Angeles Times and the Orange County Business Journal. In addition to The Times and the OCBJ, he was also a reporter and editor for Crittenden Research, The San Bernardino Sun and UPI. Erik also worked six years in CRE public relations with Los Angeles-based Hoyt Organization, where he was a Senior Account Executive. He later joined Lee & Associates where he served as the Director of Corporate Communications. There ,in addition to his work with Lee’s CEO, he managed 57 offices nationwide and provided PR, social media and media training for the offices. A graduate of UC Irvine, with a BA in history, he is an avid record collector where he continues to search for a rare Joy Division single.

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