The building is a 26-story Class A office tower with over
263,000 square feet of rentable space. The property offers unobstructed views
of the State Capitol, Congress Avenue and Lady Bird Lake, and access to 12,000
square feet of street-level retail. Tenants benefit from onsite amenities
including a private fitness and training center with showers and lockers,
coffee bar, restaurants and more.
Located in downtown Austin, 515 Congress is a short walk to
waterfront views at the Colorado River. The property’s central location offers
easy access to many historic landmarks, including Austin’s Historic Center and
Public Library, the Texas State Capitol Building and Texas Governor’s Mansion.
Tenants at the property are also in close proximity to multiple dining options
such as Eddie V’s Prime Seafood and The Capital Grille.
“Longstanding tenants like Lion Street continue to enjoy the
dynamic and historic area,” said Giovanni Cordoves, senior vice president for
KBS and asset manager for the property. “The floor-to-ceiling windows and views
of the downtown skyline make 515 Congress a highly desirable place to office in
downtown Austin.”
Stream Realty represented KBS in the transaction.
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements relating to KBS Real Estate Investment Trust III’s ability to invest in and manage a diverse portfolio, and the performance of 515 Congress and of the Austin real estate market. These statements are subject to known and unknown risks, uncertainties and other factors which may cause KBS Real Estate Investment Trust III’s and/or 515 Congress’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.