
Park Centre I-III
8601 Ranch to Market Road 2222, Austin, TX, 78730, US
19,054 平方米
Jones Lang LaSalle (“JLL”) is pleased to present the opportunity to acquire the leasehold interest in JLL Plaza (the “Property”), an eight-story, 115,975-square foot Class A office building in Austin’s dominant west urban core micromarket. Located at the intersection of West 5th Street and MoPac (Loop 1), the Property benefits from instantaneous access to Austin’s premier residential neighborhoods. The Property’s micromarket is exceptionally tight, with a 95% average occupancy rate, average asking rents of $50+ PSF NNN and new construction rents of $65+ PSF NNN. The Property is currently 77% leased to investment-grade tenants with 5.0 years of weighted average lease term, offering investors durable in-place cash flow with the opportunity to drive NOI through lease-up of existing vacancies and pushing tenants to market rents as they roll.
DIVERSIFIED IN-PLACE CASH FLOW WITH LEASE-UP AND MARK-TO-MARKET OPPORTUNITY
CREDIT-RATED TENANCY
PRIME URBAN CORE LOCATION
URBAN CORE’S OFFICE PERFORMANCE
AUSTIN’S ECONOMIC RESILIENCE


