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600 Congress Ave

Foley & Lardner LLP Renews 15,458 Square Foot Lease At 600 Congress Ave Austin
LEASEDOffice

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

Nate Stricklen

CBRE

Broker

5 deals

Broker

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