Austin-based Oracle America Inc. has renewed its two full-floor office lease at The Spectrum Building, an office building in San Antonio owned and managed by Hartman Income REIT Management Inc. The 35,000-square-foot lease makes it the largest single-tenant in the 10-floor office building with the capacity to accommodate over 260 Oracle employees.
One floor of Oracle’s lease features an increasingly popular space use, hoteling. Office hoteling in the workplace allows any employee to personally reserve a workplace of their choosing on any given day. Employees will be allowed to reserve a workstation, private office, or conference room space for a partial or full workday. In addition, the Oracle office space features custom branded glass-walled conference and break-out rooms, multiple kitchens and coffee bars, and high-end tech set-ups for the reservable spaces.
When Hartman acquired the property in 2019, the building underwent numerous renovations to add conference facilities, a tenant lounge, a lobby redesign, and a main floor facility upgrade.
In lease negotiations with Hartman, Oracle America Inc. represented itself, and Kacie Skeen, a licensed commercial real estate agent, represented the landlord, Hartman Income REIT Management, Inc.