Blockbuster: downtown Austin's 301 Congress sellsBlockbuster: downtown Austin's 301 Congress sellshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=120342016-02-09T06:00:00Z2016-02-09T19:00:00Z

AUSTIN - ​One of downtown's largest office towers, 301 Congress Ave., has been sold. ​​

Prudential Real Estate Investors purchased the 428,419-sf building from an entity managed by Commonwealth Partners.

Built in 1986, 301 Congress has realized a 68 percent increase in value since 2011 when it was valued at about $86.8 million.

Last year the Travis Central Appraisal District valued the 22-story property at $146.4 million.

Occupancy is around 89 percent.

One of the largest tenants at 301 Congress is RetailMeNot Inc., which is headquartered there. 

Other large tenants are Teza Technologies LLC and Gerson Lehrman Group Inc.

Austin Business Journal
Austin-Round Rock

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