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News release

Austin, TX

Prescott Group completes capital improvement project on office property near Texas State Capitol

JLL secures first tenant for fully renovated downtown Austin asset

Austin, June 18, 2018 – JLL announced the completion of capital improvements to Westview today on behalf of Prescott Group. The property, located at 316 West 12th Street in Austin, recently underwent an 18-month renovation and expansion to create a new, cutting-edge work environment ideal for creative firms interested in modern amenities paired with vintage aesthetics.

The pre-renovation building provided a unique envelope that was gutted to a shell condition and then renovated with a new building core, new MEP systems, and expanded floor plates. The local Architect, Andersson-Wise Architects, imagined a modern adaptation to the mid-century, limestone veneer building. The result is an office building with a completely unique appearance in Austin that offers tenants access to a variety of new amenity spaces. Westview tenant amenities include a large rooftop terrace with views of the Austin skyline and State Capitol, a new shared conference room, fitness facility with showers and lockers, indoor bike storage and a landscaped courtyard carefully designed around a century old oak tree.

JLL Senior Vice Presidents and agency co-leads Rachel Coulter and Kevin Kimbrough are serving as marketing and leasing leads for the property.

"Westview is a unique office property that provides large blocks of space within Austin's CBD, a rarity, with abundant natural light and a beautiful, one-of-a-kind setting," said Coulter. "The Prescott Group has done a masterful job in creating an inviting work environment for the forward-thinking, innovative firms interested in making Austin their home."

The firm also announced today the successful negotiation of a new 15,400 square foot office lease for CTA. The architectural and engineering firm has begun their tenant improvements and will be Westview's first new tenants since the completion of the renovation. CBRE's John Gump represented CTA.

Named for its proximity in relation to the Texas State Capitol building and boasting nearly 100,000 square feet of newly renovated, Class A office space, Westview provides a rare office opportunity in the heart of downtown.

The building was purchased from the Texas State Teachers Association in 2016, who served as the property's sole owner since it was built in 1952.

For more information about Westview, please contact Rachel Coulter, Kevin Kimbrough or Travis Rogers.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2017, JLL had revenue of $7.9 billion; managed 4.6 billion square feet, or 423 million square meters; and completed investment sales, acquisitions and finance transactions of approximately $170 billion. At the end of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of 82,000. As of December 31, 2017, LaSalle had $58.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit