Technology and consulting company IBM is set to join the Parmer Impact Labs tenant lineup, per a news release from developer Karlin Real Estate.

Two-minute impact

IBM's newly leased 50,000-square-foot lab is still being built out, according to Karlin representatives.

Once completed, the new technical space “will allow [IBM] to upgrade its Austin lab facilities to meet future development needs,” said Dexter Henderson, Austin senior location executive with IBM, in the release. IBM has office space near The Domain where its team works with hybrid cloud and AI software, infrastructure, services, design and marketing.

The details

The Parmer Austin business park spans over 2 million square feet and features a mix of laboratory and office space for businesses, research institutions, incubators and accelerators.

Officials with Discover to Impact, an inventor, investor and entrepreneurial startup program at The University of Texas, announced in September that it would open a in 10,000-square-foot wet lab space within the development.

Other Parmer tenants include Austin FC’s official training facility St. David’s Performance Center as well as indoor/outdoor sports and hospitality venue The Pitch, both located next to Parmer Field.

What they're saying

“The addition of IBM is proving our vision for Parmer as an innovation hub for groundbreaking research and development that will attract start-up and blue-chip companies alike,” said Matt Schwab, co-founder of Karlin Real Estate, in the release.