515 Congress

Jones Lang LaSalle (“JLL”) Institutional Capital Markets is pleased to present the opportunity to acquire a fee simple interest in 515 Congress (the “Property”), a 267,956 square foot office asset located on Congress Avenue, the iconic corridor in the heart of downtown Austin, Texas.

1. 515 Congress was developed by Gerald Hines and has been institutionally owned and maintained since inception. Current ownership has invested over $15.5 Million in both capital and base-building improvements during their stewardship
2. 515 Congress’s premier CBD location benefits from superior convenience, offering tenants walkable access to Austin’s leading collection of dining, retail, hotels, and cultural amenities
3. The Property’s landmark address provides unmatched proximity to the Texas State Capitol as well as major national corporations, including Google, Meta, and Indeed, anchoring a dynamic concentration of legal, financial, technology, and government users that collectively drive sustained demand for downtown office space
4. 515 Congress is currently 82% leased to a diverse roster of tenants, including webAI, The Boeing Company, and Cloudera
5. The Property has maintained strong historical occupancy, averaging over 91% occupancy over the past ten years, outperforming both the competitive set as well as the overall Austin market
6. The Austin office leasing market is on the cusp of a new wave of demand driven by the expanding footprint of AI-focused companies, with active tenant requirements increasing by 30% year-over-year
7. With 3.4 years of weighted average lease term, 515 Congress presents a unique opportunity to acquire a Class A office asset in the landmark downtown corridor with superior value-creation potential, unlocking the ability to capitalize on the market’s growing leasing momentum