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Foreign Capital Drives Austin’s CRE Momentum

When marketing the Robinson-Rosner Building, CBRE was not surprised to receive interest and offers from both national and international investors for a rare opportunity to purchase a historic building.

504 Congress Robinson-Rosner consists of three floors and is currently 100% leased to two tenants, one office and one retail.

AUSTIN, TX—Austin continues to be on the radar of international and domestic buyers. The region is attracting this interest due to its range of both new and old historically significant buildings.

The Robinson-Rosner Building, a historic retail and office building located at 504 Congress in the central business district, did just that when attracting a new owner, an undisclosed buyer. The private family estate seller donated all proceeds from the sale to the University of Texas.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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