Rules-Based Medicine (RBM) Renews Lease at Drawbridge Realty's Stonecreek in Austin

AUSTIN, Texas - Dec. 12, 2024 - PRLog -- Drawbridge Realty has renewed a 37,356 square foot (sq. ft.) lease for Rules-Based Medicine an IQVIA company at its class A office and lab building Stonecreek Park located at 3300 Duval Road in Austin, TX.

"We're delighted to renew our long-term tenant, who has called Stonecreek Park home since 2003, for an additional 11 years," said Mike Embree, Managing Director and SVP, Drawbridge Realty.

Rules-Based Medicine, a Q2 Solutions company, is a Clinical Laboratory Improvement Amendments (CLIA) certified biomarker testing enterprise. Stonecreek is the company's divisional office and R&D headquarters.

Stonecreek is a 76,910 s.f., two-story office and laboratory building located on 7.1 acres at 3300 Duval Road in northwest Austin. The building is close to The Domain, a high-density office, retail and residential community with more than 5,000 apartments and 700,000 s.f. of luxury shopping, high-end restaurants, and recreational and entertainment real estate. It is also immediately adjacent to Loop 1. Drawbridge has owned the property since 2013.

RBM was represented in lease negotiations by Nate Stricklen and Jay Austin of CBRE. Matt Frizzell and Kevin Granger of Cushman & Wakefield represented Drawbridge Realty.

About Drawbridge Realty

Drawbridge is a privately held real estate platform partnered with KKR/Global Atlantic and structured with an unlevered pool of capital that funds all Drawbridge investments. Based in San Francisco, Drawbridge focuses on acquiring, developing and managing commercial property investments in high growth technology and innovation driven markets across the U.S. Its portfolio primarily consists of strategically important office and research properties leased long-term to large corporations. Drawbridge has a successful history of creating value for corporate clients and investors and has completed transactions with many major companies including Apple, Arrow Electronics, Bank of America, Bayer, Broadcom, Daylight Solutions, Discover Financial Services, HPE, IBM, Google, Johnson & Johnson, L3Harris Technologies, Lockheed Martin, Maximus, Medtronic, Myriad, NI, Northrop Grumman, Onsemi, SAIC, Take-Two Interactive and Uber Technologies. www.drawbridgerealty.com