EcoVolt Multi-Location Expansion

Qualified Lead
Cobblestone Collaborative

Cobblestone Collaborative

1200 Tech Blvd, Austin, TX 78701

Company
E

EcoVolt Energy Solutions

Clean Energy Technology

Size:

500+ employees

Credit Rating:

A+

Space Details
Total SF:

27,475 SF

Suite:

Suite 901, Suite 902

Floor:

9th Floor

Lease Type:

Full Service Gross

Rate:

$36.00/SF/year

Term:

5 years + 5 year option

Contacts
SC

Sarah Chen

Primary

VP Real Estate & Facilities

DP

David Park

Chief Financial Officer

JM

Jennifer Martinez

Tenant Representative

Space Portfolio & Competition

Cobblestone Collaborative

12,475 SF • Suite 901, Suite 902

Lease Type:

Full Service Gross

Base Rate:

$36.00/SF/year

Term:

5 years + 5 year option

TI Allowance:

$45/SF

Innovation Tower

15,000 SF • Suite 1205-1210

Competitive Situation: 2 other opportunities considering this space

Last updated: 1/12/2024

Lease Type:

Triple Net

Base Rate:

$32.50/SF/year

Term:

7 years

TI Allowance:

$55/SF

Deal Notes
EcoVolt is looking to consolidate and expand their Austin operations across two premier locations. PRIMARY LOCATION (Cobblestone): Executive offices and main operations - Suite 901 & 902 combination provides ideal layout for their growing team. SECONDARY LOCATION (Innovation Tower): R&D and lab facilities - Suite 1205-1210 offers the lab-ready infrastructure they need. COMPETITIVE SITUATION: Innovation Tower space is being pursued by 2 other tenants. EcoVolt is the preferred tenant but needs to move quickly on LOI. CREDIT PROFILE: Excellent - Series C funded, $125M+ revenue, strong growth trajectory in clean energy sector.
Documents & Attachments

LOI_EcoVolt_Cobblestone_Suites901-902.pdf

LOI•Cobblestone Collaborative•2024-01-10

LOI_EcoVolt_Innovation_Suite1205-1210.pdf

LOI•Innovation Tower•2024-01-12

EcoVolt_Financial_Statements_2023.pdf

Financial•Both•2024-01-08

Cobblestone_Floor_Plans_Level9.pdf

Floor Plan•Cobblestone Collaborative•2024-01-05

Innovation_Lab_Specifications.pdf

Building Specs•Innovation Tower•2024-01-06

EcoVolt_Space_Program_Requirements.pdf

Requirements•Both•2024-01-05
Key Dates
Target Close:2/15/2024
Lease Start:3/1/2024
Lease Expiration:2/28/2029
Expected Value:$1,250,000
Activity Timeline

Cobblestone Property Tour Completed

1/15/2024

Comprehensive tour of Suites 901 & 902 with Sarah Chen, David Park, and Jennifer Martinez. Positive feedback on layout and city views.

JJohn Smith
Cobblestone Collaborative

Competition Alert - Innovation Tower

1/12/2024

2 competing opportunities (TechFlow Solutions, DataCore Systems) submitted LOIs for Suite 1205-1210. EcoVolt needs to respond by EOD tomorrow.

SSystem Alert
Innovation Tower

LOI Sent - Innovation Tower

1/12/2024

Competitive LOI submitted for Suite 1205-1210 with aggressive terms: $32.50/SF, 6 months free rent, $55/SF TI allowance

JJohn Smith
Innovation Tower

LOI Sent - Cobblestone

1/10/2024

Initial LOI sent for Suites 901 & 902 combination. Terms: $36/SF, 4 months free rent, 5+5 year term structure

JJohn Smith
Cobblestone Collaborative

Financial Qualification Call

1/9/2024

Deep dive on EcoVolt's financial capacity with CFO David Park. Confirmed ability to support $1.25M annual commitment across both locations.

JJohn Smith
Both Properties

Innovation Tower Lab Tour

1/8/2024

Technical tour focused on lab infrastructure and R&D capabilities. EcoVolt's technical team impressed with existing lab setup.

JJane Wilson
Innovation Tower

Initial Discovery Call

1/5/2024

Comprehensive needs analysis with Sarah Chen. Identified requirement for two distinct locations: executive offices + R&D facility.

JJohn Smith
Both Properties

Multi-Location Opportunity Created

1/5/2024

Complex opportunity created from inbound inquiry. EcoVolt seeking 25,000+ SF across Austin for expansion.

SSystem
Multiple Properties