HomeAway, Inc. (NASDAQ:AWAY), the world's leading online marketplace of vacation rentals, today announced its plans to expand to a permanent fourth office in North Austin with the signing of an 11-year lease.
The five-story, 114,665 square-foot office will seat approximately 750 employees and is slated to open in the second half of 2014. The build-to-suit building is located at 11800 Domain Blvd. in The Domain shopping complex.
Like its office in downtown Austin, the new HomeAway
office is designed to achieve Leadership in Energy and Environmental Design (LEED) certification and will be equipped with fun, family vacation-themed design elements that reflect the company’s culture and mission.
“Our employees voiced their desire to have an office in North Austin,” says Brian Sharples, co-founder and CEO. “With easy access to a new Whole Foods, shopping and other tech companies, The Domain provided the best answer for our growing and geographically dispersed HomeAway family.”
As with its previous offices, HomeAway enlisted the help of Austin-based companies to acquire and design its newest space, including Endeavor Real Estate Group, Kent Consulting Engineers, Lauck Group and Southwest Strategies Group. HomeAway also worked with Shorenstein Group, general partner of the entity, Domain Junction 2 LLC, which owns the building to be constructed.
Earlier this year, HomeAway signed an 18-month lease for a 200-person office located at 12301 Research Blvd. at the Research Park complex to temporarily accommodate the company’s growing headcount. The employees currently working at the Research Park location will relocate from the temporary location to the new office at The Domain once the building is complete.
Founded in Austin eight years ago with a staff off six, HomeAway has grown to more than 1,308 employees worldwide, an increase of 29.5% year-over-year.
HomeAway, Inc. (NASDAQ:AWAY), based in Austin, Texas, is the world's leading online marketplace of vacation rentals, with sites representing over 742,000 paid listings of vacation rental homes in 171 countries. HomeAway® offers an extensive selection of vacation homes that provide travelers with memorable experiences and benefits, especially more room to relax, for less than the cost of traditional hotel accommodations. The company also makes it easy for vacation rental owners and property managers to advertise their properties and manage bookings online. The HomeAway portfolio of websites includes HomeAway.com, VRBO.com and VacationRentals.com in the United States; HomeAway.co.uk and OwnersDirect.co.uk in the United Kingdom; HomeAway.de in Germany; Abritel.fr and Homelidays.com in France; HomeAway.es, Toprural.com in Spain; AlugueTemporada.com.br in Brazil; and HomeAway.com.au in Australia.