AUSTIN, Texas – University FCU has purchased a 246,000-square-foot office building on MoPac Boulevard, where it plans to relocate its headquarters.
The $1.5-billion credit union, which serves the University of Texas and various medical groups, plans to consolidate approximately 250 administrative workers from four locations into the newly purchased building. The credit union has 425 employees, with non-administrative workers in branch offices in the Austin area and Galveston.
Most of the administrative employees who will make the move now work at 3305 Steck Ave., one block from the future headquarters building. The 250 workers will occupy about 100,000 square feet of the building in the 2013-2014 timeframe, with the credit union leasing out the remaining space.
The building was constructed in 1987 and currently is 94% leased.
