Field Asset Services on a hiring spree - Minneapolis / St. Paul Business Journal:

proklofuxaanygez.blogspot.com
Field Asset Services, which plansw to hire about 150 people by the end of has grown from about 200 employees at the beginningg of 2008 to more than 550 saidPaul Carlson, the company’s seniof vice president of human resources. The locally based company now occupiesabout 112,00 0 square feet of the 165,000-square-foot office buildinhg on West Louis Henn a Boulevard near the Austin-Round Rock border. The receny lease signing brought the building to 100 percent occupancy, while most offices in that area aren’ty even half full.
Carlsom attributes the company’s growth to its countercyclical Field Asset Services provides property preservation services for banks and mortgagde companies when those entities foreclose on and take over a Thecompany doesn’t interact directly with the former home owners, but providesd security, maintenance and repairs, and helpsa prepare the homes for sale. Its servicesw reach nationwide toabout 85,000 properties. “The drivere for us is related to the economicsituatio that’s taking place,” Carlson said.
“We’re one of the companied that’s enjoying success and the opportunityy to provide employment in the Austin While Field Asset Services probably will not take more officre space in theimmediate future, Carlson said the companyg is looking at more growth, and has a pilot telecommuting program in place. Fiel Asset Services’ growth has a significant impact on the locapl office marketas well. “What’s notabl about this transaction is that it puts Frontera Crossing at 100 in asubmarket that’s 45 percent vacant,” said David Putman of Aquila Commercial. Putman and Ben also of Aquila, representerd the landlord. Jon Aleshire of The Aleshire Co.
represented Field Asset Services. According to research from Oxford the Round Rockofficed market’s overall vacancy rate at the end of firs t quarter 2009 was about 55 and average rental rates were $23.70 per squarew foot. Ted Doucet of Oxford Commercial said Field Asset Service’s expansion is not indicative of the Round Rock submarket bouncing however, pointing out that two new office buildings are sittinyg almost completely vacant across from Fronteraq Crossing. Aleshire said Field Asset Servicesx chose to move into Frontera Crossing last year because the companyuanticipated growth.
Features like a high rati o of parking allowed the company to keep that expansion in the same he said. “It came a lot fastef than theyoriginally anticipated, Putman said of the company’s growth. “They’vr got a lot of businesw on the West Coast andin Florida.” The buildinfg has seen growth from otherf existing tenants also, including the Art Institutse of Austin, which recently expanded, Putma n said.
“Both those groupzs are countercyclical, and as the economy goes througgthis downturn, more people are going to school,” Putman said of the Art