Creative Media & Community Trust Corporation (CMCT) announced the execution of an approximately 11-year lease with Boston Scientific Corporation. The lease is for an entire 30,821-square-foot building at CMCT's Penn Field Campus in Austin, Texas.
This transaction brings the Penn Field campus, an approximately 228,000-square-foot creative office property, to 93% leased as of August 2025. Boston Scientific is a global medical technology leader.
The long-term lease with an investment-grade tenant significantly enhances the occupancy and revenue stability of the Penn Field asset. This is a positive development for CMCT's office segment, particularly in the Austin market.
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