515 Congress

515 Congress Avenue, Austin, TX 78701

Property Overview

515 Congress is a 258,176-square-foot, Class A office tower located in downtown Austin, Texas. The 26-story building also features approximately 12,000 square feet of street-level retail. The building offers full height, continuous windows with unobstructed views of the State Capitol, Congress Avenue and Lady Bird Lake. Entrance to the building is through a two-story travertine marble-clad main lobby accented with floor-to-ceiling glass.

Onsite amenities include full service banking, a private fitness and training center with showers and lockers, coffee bar, two fast casual lunch options and controlled access executive parking. At the time of acquisition, 515 Congress was 95% leased to a diverse group of tenants across a variety of industries.

Investment at a Glance

Location: Austin, TX

Property Type: Class A Office

Acquisition Date: August 31, 2015

Purchase Price: $112,500,000

No. of Buildings: 1

No. of Stories: 26

Square Footage: 258,176 SF

Year Built: 1975

Leased Percentage (at the time of Acquisition): 95%

$112,500,000 Total Purchase Price
258,176 square feet Total Rentable Area
Class A Building Class