Beachwold Residential took advantage of historically low rates that better position both them and a 240-unit garden-style asset for many years to come, according to those familiar with the deal.
Torrey Square posted the lowest base rent per-leased-square-foot in Whitestone’s wholly-owned portfolio. Since its IPO in 2010, Whitestone has improved its base rent per leased square foot by over 80%.
Since breaking ground in October of last year, 44 East Ave. is the only condo building currently under construction in downtown Austin, the only one planned for completion in 2022 and Intracorp’s first Austin development.
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