Fenway Capital Advisors, formerly a minority investor in the 233,550-square-foot Eastbound office building at 3232 E. Cesar Chavez St. in East Austin, recently became the primary equity partner of co-developers Lincoln Property Company and The KOR Group.

Fenway focuses on creating value through acquiring and repositioning under-invested assets in markets across the southwest with strong fundamentals and positive growth characteristics. 

The ownership group is already underway with plans to build out approximately 46,000 square feet of spec suites, providing move-in ready suites ranging from 5,000-41,000 square feet. Work is expected to be completed in early 2025.

Lincoln’s Seth Johnston added, “We’ve secured new capital and paid off our construction loan, which allows us greater flexibility to meet the market. We are now in a position to fund tenant improvements, offer move-in ready space, and execute leases.”

Johnston and Lincoln, Vice President of Leasing Trish Williams, are overseeing leasing at Eastbound.