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HomeAway Keeps Growing, Expands in CIM Group's Penn Field Complex

Online Vacation Rental Network Leases 26,170 SF at 3601 South Congress
August 10, 2011
Continuing its rapid growth, Austin-based HomeAway, Inc., recently leased 26,170 square feet in the Penn Field complex on South Congress Ave.

Along with its headquarters at 1011 West Fifth Street and office space at 907 West Fifth Street, HomeAway plans to initially place about 110 of its 421 Austin-based personnel in the newly renovated space at 3601 South Congress by the end of this year.

Matt Frizzell and Brad Philp of Stream Realty Partners represented Los Angeles-based building owner CIM Group in the transaction. Daniel Roth and Mike Wiley of Austin's Southwest Strategies Group represented HomeAway.

Founded in Austin six years ago with six employees, HomeAway has quickly grown to 918 employees in 15 offices. The firm operates one of the largest online marketplaces for the vacation rental industry. HomeAway's websites include 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 in Spain; AlugueTemporada.com.br in Brazil and HomeAway.com.au in Australia. In addition, HomeAway operates BedandBreakfast.com™, a comprehensive global site for finding bed-and-breakfast properties, providing travelers with another source for unique lodging alternatives to chain hotels.
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