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Stake in downtown building sells for $600 per sfStake in downtown building sells for $600 per sfhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=138252016-07-12T05:00:00Z

​​​​​AUSTIN – Invesco Real Estate is buying a 50 percent stake in the 100 Congress building for $125 million, or $600 per sf.

The deal represents one of the highest per-​sf prices ever recorded in the city, reports Real Estate Alert.

The seller, MetLife Real Estate, will retain a 50 percent stake in the 412,000-sf building. 

CBRE, which occupies 20,000 sf in the 22-story building, represented MetLife in the transaction.​

Realty News Report
Austin-Round Rock
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