AUSTIN, TX – A fund controlled by New York-based DRA Advisors LLC and Dallas-based Pillar Commercial has acquired a newly-renovated, 190,254-square-foot office and retail property in downtown Austin, TX.
The acquired property, 823 Congress, is currently 71% leased to a mix of tenants. The property features an average 11,000-square-foot floorplate.
The mixed-use property recently underwent more than $15 million in property renovations, which included updates to the building entrance, lobby, common areas, fitness center, conference facility and tenant lounge. The asset additionally includes a six-story parking garage located at 900 Brazos St.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
