
Lavaca Plaza
504 Lavaca St, Austin, TX, 78701-2900, US
11,338 m²
Jones Lang LaSalle (“JLL”) is pleased to present the opportunity to acquire a leasehold interest in JLL Plaza (the “Property”), an eight-story, 115,975-square foot Class A office building. JLL Plaza is situated in Austin’s west urban core at the intersection of West 5th and MoPac. The Property’s micromarket is exceptionally tight, with a ~95% occupancy rate, average asking rents of $46 PSF NNN and new construction rents of $65+ NNN. The Property is currently 100% leased to investment-grade tenants with 2.6 years of WALT remaining, offering investors durable in-place cash flow with the ability to roll existing tenants up to market rental rates.