AUSTIN, TX – A fund controlled by New York-based DRA Advisors LLC and Dallas-based Pillar Commercial has acquired a newly-renovated, 190,254-square-foot office and retail property in downtown Austin, TX.
The acquired property, 823 Congress, is currently 71% leased to a mix of tenants. The property features an average 11,000-square-foot floorplate.
The mixed-use property recently underwent more than $15 million in property renovations, which included updates to the building entrance, lobby, common areas, fitness center, conference facility and tenant lounge. The asset additionally includes a six-story parking garage located at 900 Brazos St.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
