Austin continues to be a beacon for business expansion as multinational corporation, IBM, forges ahead with a significant lease commitment in the city. The company has signed a 50,000-square-foot office and life sciences lease at Parmer Impact Labs, cruising on the current wave of tech industry interest in Texas. This substantial deal was brokered with CBRE representing the landlord, Karlin Real Estate, and Cushman & Wakefield acting on behalf of IBM. This acquisition proves the commercial real estate space in Austin remains a hot-spot for businesses looking to enhance their presence in the central Texas region. For further details on this development, refer to the original article [here](https://www.recenter.tamu.edu/news/newstalk-texas/?Item=30457).
