Share:
Office Building CBD Office (image)

Stories

Silicon Labs

For senior Cushman & Wakefield brokers, Bob Wynn and Mark Greiner, their relationship with Silicon Labs, has been a unique and rewarding journey that perfectly illustrates the start-up spirit for which Austin has come to be known.
 

01 The Opportunity

For senior Cushman & Wakefield brokers, Bob Wynn and Mark Greiner, their relationship with Silicon Labs, has been a unique and rewarding journey that perfectly illustrates the start-up spirit for which Austin has come to be known. Their first assignment with the semiconductor pioneer was in 1996 soon after the company was founded—securing a small office space in southeast Austin for its four employees.

The early 2000s brought several major expansions to larger offices as the company rapidly grew. By 2006 Silicon Labs was looking for a more long-term solution which would bring it downtown and accommodate the company’s growth for years to come.

02 The Solution

At the time, Austin’s CBD office inventory couldn’t accommodate Silicon Labs’ leasing needs. Bob and Mark, using their well-established relationships, were able to negotiate the purchase of two 220,000 SF Class A buildings even though they were not listed on the market.

Because the two buildings offered more space than needed at the time of purchase, Silicon Labs became a landlord, as well, and Bob and Mark switched gears from tenant and buyer representatives to landlord agency. Part of their critical responsibilities include managing their client’s surplus office space and coordinating the timing of leases to coincide with Silicon Labs’ growth projections.

Cushman & Wakefield also became Silicon Labs’ global commercial real estate agency on record, helping to secure and manage its office assets and leases on a global scale.

03 The Results

  • Their unique campus has allowed Silicon Labs to recruit and retain world-class engineering talent and thrive as one of Austin’s most visible and prominent downtown employers.
  • The campus provides Silicon Labs with long term, flexible expansion space in an optimal location.
  • Costs are reduced by leasing future expansion space to third-party tenants with almost 100% occupancy since purchase.
  • Cushman & Wakefield now manages the acquisition of office space globally for Silicon Labs in over 26 locations.
  • This maximizes income for assets and helps with international growth through the CW Network.
  • C&W is also responsible for lease administration worldwide, expiration dates, expansions options, and helping with the overall real estate portfolio.
  • Web-based reporting offers Silicon Labs full transparency into the state of all assets and leases.

Meet the Team

Bob Wynn Austin
Bob Wynn

Executive Director
Austin, United States


+1 512-370-2414

Bob.Wynn@cushwake.com

Download VCard

FEATURED STORIES

calculator (image)
H&R Block • Tax Preparation
Learn More
NVI (image)
National Vision, Inc. • Retail
Learn More
Office (image)
Boehringer Ingelheim • Life Sciences
Learn More

Featured Services

Experience per SF
Experience per SF™ is Cushman & Wakefield’s proprietary tool that gives you insight into the engagement and experience of your workforce.
Learn More
Health Safety Security Environment
Cushman & Wakefield’s commitment to the highest Health, Safety, Security and Environmental standards is unparalleled in the industry.
Learn More
Capital Markets - Self Storage
Cushman & Wakefield’s Self-Storage advisors help you meet your investment goals through every stage of the self-storage sales cycle.
Learn More
Tenant Representation

Site selection and lease negotiations for occupiers of office, retail and industrial based on workplace and logistics strategies.

Learn More
Valuation & Advisory – Residential Development
Discover what’s next for your residential assets with access to a team with unmatched knowledge and insight to the industry.
Learn More
Agency Leasing - Retail
Our Retail Agency Leasing experts create innovative solutions and maximum results to enhance your real estate investment’s value.
Learn More
Investor Services
Cushman & Wakefield’s Investor Services experts are your trusted advisors to help you drive performance and maximize your investment return.
Learn More
Headquarters Consulting
Our Strategic Consulting experts will guide your through a headquarters location decision from start to finish.
Learn More
Real Estate Strategy
Our Strategic Consulting experts specialize in developing real estate strategies meet your business goals.
Learn More
Total Workplace
Our Total Workplace services help you develop and implement innovative, consistent and globally aligned workplace solutions.
Learn More
Special Opportunities Group
Our team of 150 credit-trained professionals average 20 years of experience in US regulatory compliance, underwriting and diligence projects.
Learn More
Dispute Analysis & Litigation Support
When litigation support is needed, we deliver robust advice, meticulous attention to detail and quality execution.
Learn More

CAN'T FIND WHAT YOU'RE LOOKING FOR?

Get in touch with one of our professionals.