Foley & Lardner LLP Renews 15,458 Square Foot Lease At 600 Congress Ave Austin
600 Congress Ave
Building Size
15,458 SF
Asset Type
Office
Closing
Jul 25, 2024
AI
The property involved in this transaction is an office space located at 600 Congress Ave in Austin. The asset has a total square footage of 15,458. The landlord of the property is Beacon Capital Partners, while Foley & Lardner LLP is the tenant occupying the office space.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 600 Congress Ave
- Market: Austin
- Landlord: Beacon Capital Partners
- Tenant: Foley & Lardner LLP
- Landlord's Representative: JLL
- Tenant's Representatives: Jay Austin, Nate Stricklen & Robert Copito - CBRE
- Date: 07/25/2024
This lease renewal demonstrates the ongoing relationship between Foley & Lardner LLP and Beacon Capital Partners. The tenant was represented by the CBRE team consisting of Jay Austin, Nate Stricklen, and Robert Copito, while the landlord was represented by JLL in the transaction.
Players
Austin Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93