Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1950
Building Area Net
Land Area Net ()
Occupancy 92.0 %

Asset Description

Jones Lang LaSalle (“JLL”) is pleased to offer the exclusive opportunity to purchase the fee-simple interest in Westview (the “Property”), a 100,166 SF, Class A office building situated on a half city block of Downtown Austin, Texas. Originally constructed in 1954, the Property underwent a $32M ($321 PSF) total rehab and complete releasing that transformed Westview into one of Austin’s premier creative office buildings. Currently 92% leased, the Property features a diverse rent roll anchored by WeWork (NYSE WE; 47% of NRA) with a weighted average lease term of 7.6 years. Westview features state-of-the-art office finishes, unmatched panoramic views of the Capitol (located one block east) and Downtown Austin to go along with a strong amenity package headlined by an onsite- café, modern building conference facility with state-of-the-art video conferencing, rooftop terrace and entertainment space, fitness center with showers, bike lockers and a shaded courtyard.


Investment Highlights

Recently Renovated Creative Office Asset to Institutional Standards

Diverse Rent Roll with Consistent Cash Flow

92% Leased with 7.6 Years of WALT

Prime Location in Downtown Austin 

Nation-Leading Economy


Last Updated Date: 02 Nov 2021

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Last Updated Date: 02 Nov 2021

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