AUSTIN – Transwestern brokered the disposition of 811 Barton Springs on behalf of the Seller to a fund managed by Cornerstone Real Estate Advisers. 811 Barton Springs is a 143,183 square foot Class A multitenant office building located in between Austin’s Central Business District and Southwest submarkets, two of the most desirable submarkets in Austin. The 9-story property was 99% leased at the time of sale. The sales price was not disclosed.
811 Barton Springs is one of the most recognizable office properties in the Austin office market, prominently located on Barton Springs Road between South Lamar Boulevard and South Congress Avenue.
Hale Umstattd and Leah Gallagher of Transwestern represented the seller. Marketing began on May 20th and the property immediately received a large amount of interest from investors nationwide.