Canyon Creek Real Estate Purchases One Eleven Congress Office Tower In Austin For $208 Million

The office asset involves the sale of the One Eleven Congress office tower located at 111 Congress Avenue in Austin, TX. The property spans a total square footage of 518,385 and was sold for a transaction amount of $208,000,000, reflecting a price per square foot of $401.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $208,000,000
• Buyer: John Holt & Benjamin Stephens - Canyon Creek Real Estate
• Seller: Colin Connolly - Cousins Properties
• Square Footage: 518,385
• Price per Square Foot: $401
• Date of Transaction: 07/31/2026
• Market: Austin, TX

Cousins Properties sold the office tower to Canyon Creek Real Estate to aid in funding their recent acquisition of 300 South Tryon in Charlotte, valued at $317.5 million. This transaction reflects Cousins Properties' ongoing strategy to reshape its office portfolio.