“Two Austin Office Building by a California company have bought. bought Triple Net Properties LLC, both the 433 024 square meters of land to 816 Congress in downtown and Avallon, a 318,217 square meters in total office buildings in the district northwest of Austin were. Both properties of Crescent Real Estate Equities Co. acquired for 0.5 million. Crescent itself was bought by Morgan Stanley Real Estate for 0.5 billion dollars.

The office building at 816 Congress is a separate office building and very popular in downtown Austin. Renovated in 1995 and originally built in 1983, the 20-story office tower in Class A lies very close to the historic Texas Capitol nearby. Offices on the upper floors have excellent views of the Capitol, and everyone is in the building, the elegant lobby with floor and walls itslimestone, polished marble, stylized stainless steel planters, attractive lighting, comfortable seating and more. An outdoor area adds a touch of elegance for those who go into the building. Because of its proximity to the Capitol, and because of its attractive interior, this office building has often attracted professional service firms, lobbyists and law firms. At the time of the sale, was 76% of assets leased to 44 tenants.

Avallon The construction began in 1986 and was completed in 2001. This class A office building is actually comprise of 5 buildings on 3 floors of which 16 hectares and a total of almost 316 000 square feet in Austin together. The five buildings that the Avallon are on a hill between the oaks and fountains. This provides a lush green environment and offers great views of the tenants. The elegant lobby of the building is a granite floor, recessed lighting, decorative planters, hanging glass panels, marble floors, and many other amenities. Building users have access to property, security on site, a training center for high-flying and many other amenities.

Avalon is conveniently close to the high-tech district of Austin. At Jolly Ville Road U.S. Highway 183, Loop 360 and Mopac Highway, the buildings and the arboretum is to close the district. Tenants enjoy access to nearby restaurants, shops, banks and many other attractions on foot. The buildings also offer almost 1,100 parking spaces in its car parks. Over 97% of the buildings were at the time of the Avalon was bought occupied. Many tenants are entrepreneurs or companies in the areas of education, technology and engineering.

takes place in Austin, it’s not just the purchase. The building is also an important part of the development of downtown. Recently, the construction of the third phase of Southpark Commerce Center. Endeavor Real Estate Group has begun work on the construction of two, which should have 192 000 square meters area. The building is located southeast of the I-35 and Ben White Boulevard, right on Freidrich Lane. With manufacturers Chasco Round Rock-based, general contracting and Endeavor the landlord is the project progressing swiftly. The first tenants to sign with the new project is Hill Country Electric. The company has already agreed to lease about 48,000 square meters of Endeavor. The new building was opened in January. “


Austin office space