Travis Central Appraisal District acquires North Austin office property
JLL completes sale of 850 E. Anderson
AUSTIN, July 15, 2019 – JLL announced today the successful sale of 850 E. Anderson, a four-story, 72,720-square-foot office property, in Austin. Travis Central Appraisal District acquired the property.
JLL Market Lead Todd Wallace and Capital Markets Senior Vice President Jeff Coddington led the sales and marketing efforts for the property on behalf of the seller, The Westcap Corporation, a wholly-owned subsidiary of National Western Life Insurance Company.
“Investor interest in office product across Texas remains significantly high thanks to our strong economic fundamentals and tremendous quality of life attracting companies and encouraging growth from established firms,” said Wallace. “850 E. Anderson provides a quality investment with tremendous long-term upside given its central location and the area’s growing, deep and well-educated workforce.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 91,000 as of March 31, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.