Creative Media & Community Trust Corporation $(CMCT)$ has announced the execution of an approximately 11-year lease with Boston Scientific Corporation for a 30,821-square-foot building at the Penn Field Campus in Austin, Texas. This lease encompasses an entire one-story building at the 228,000-square-foot creative office campus, located in the "SoCo" Business District. Originally developed in 1918 as a U.S. Army air base, Penn Field has been transformed into a modern mixed-use property. The campus, home to a variety of technology, media, and entertainment companies, is now 93% leased as of August 2025. The transaction was facilitated by AQUILA Commercial in partnership with CIM Group's in-house leasing team.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Creative Media & Community Trust Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20250805520412) on August 05, 2025, and is solely responsible for the information contained therein.