Cornerstone buys Austin’s 811 Barton Springs

AUSTIN – The 811 Barton Springs office building located at 811 Barton Springs Rd. has been sold.

The nine-story, 143,183-sf property, which was 99 percent occupied at the time of sale, was purchased by a fund managed by Cornerstone Real Estate Advisers.

The Class A property is located between Austin’s Central Business District and Southwest submarkets.

811 Barton Springs is one of the most recognizable office properties in the Austin office market, prominently located on Barton Springs Rd. between S. Lamar Blvd. and S. Congress Ave.

The property benefited from institutional ownership with over $1 million in renovations in the past several years and has been consistently awarded an Energy Star rating since 2009.