AUSTIN – Facebook has leased 231,507 SF in a new office building under construction in downtown Austin.
Shonda Novak and Lori Hawkins of the Austin American-Statesman reported Facebook will occupy 10 floors in the building, a 29-story tower called Third + Shoal at 208 Nueces Street.
The building is being developed by Austin-based Cielo Property Group, TIER REIT and Invesco. The newspaper said Facebook has an option to purchase the 345,000-SF building, which is slated for completion in the third quarter of 2018.
Facebook already has 700 employees working in a downtown building on Sixth Street.