91AggieLawyer said:
Quote:
edit: a quick search of Travis County tax rolls show the building is owned by a limited partnership called CPG 220 Soco LP which is partnered with Cielo Property Group in Austin. Yeti is just a tenant.
That was my thought as well -- the fact that Yeti didn't own the building and there were other tenants, but...
1. Do we know for a fact that there are other tenants (didn't read entire thread after this post, so if its posted here, sorry)?
2. Do we know that Yeti, or their owners, did not create the LP as a separate entity to own real property? Virtually all business and assets not related to the core business is put in a separate entity for numerous reasons.
I suppose Yeti could be a partner but it's doubtful as property records show that CPG 220 Soco LP has owned the property for a few years. And logically,
Cielo
Property
Group 220
South
Congress pretty clearly relates to the ownership I referenced, the founder of Cielo Property Group is also the registered agent for CPG 220 Soco LP.
And per the leasing agents there are other tenants in the building besides Yeti plus a fair amount of vacant space they're marketing.
If the location of the signage is at the street rather than on the specific doors to the Yeti store I would surmise that the owners of the building and not Yeti put them up. One would assume that if Yeti put up the signs then they would be specifically on the doors to their store and not out at the street.
It looks like the signage is where I've circled in red. If it were specific to Yeti and not the building I'd expect the signage to be on the doors to their specific premises and not the street.
