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KBS Acquires 26-Story Austin Office Tower

KBS completed the sale of 515 Congress, a 26-story, 267,956-square-foot Class A office tower at the corner of Congress Avenue and Sixth Street in downtown Austin, Texas. A joint venture of Palmatum Ve

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Summary

KBS completed the sale of 515 Congress, a 26-story, 267,956-square-foot Class A office tower at the corner of Congress Avenue and Sixth Street in downtown Austin, Texas.

A joint venture of Palmatum Ventures, AQUILA and Glendon Capital Management acquired the property.

JLL represented KBS in the transaction. 515 Congress was owned by KBS Real Estate Investment Trust III. Located in...

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