5th & lavaca...jll | 3209 & 213 w 5th street southeast corner of 5th st & lavaca austin,...

20
JLL | 1 CONGRESS AVE COLORADO STREET GUADALUPE STREET LAVACA STREET 5TH STREET 4TH STREET 5TH & LAVACA 0.2704 ACRES land offering memorandum 0.2704 Acres | 11,778 SF Development Opportunity Prime High Rise Development Site Located in Downtown Austin, Texas 5TH & LAVACA

Upload: others

Post on 01-Mar-2021

1 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: 5TH & LAVACA...JLL | 3209 & 213 W 5th Street SOUTHEAST CORNER OF 5TH ST & LAVACA AUSTIN, TX 78701 0.2704 ACRES 11,778 SQUARE FEET CBD ZONING 25:1 MAXIMUM FAR ± 95' x …

JLL | 1

CON

GRES

S A

VE

COLO

RADO

STR

EET

GUAD

ALU

PE S

TREE

T

LAVA

CA S

TREE

T

5TH STREET

4TH STREET

5TH & LAVACA0.2704 ACRES

land offering memorandum0.2704 Acres | 11,778 SF Development Opportunity

Prime High Rise Development Site Located in Downtown Austin, Texas

5TH & LAVACA

Page 2: 5TH & LAVACA...JLL | 3209 & 213 W 5th Street SOUTHEAST CORNER OF 5TH ST & LAVACA AUSTIN, TX 78701 0.2704 ACRES 11,778 SQUARE FEET CBD ZONING 25:1 MAXIMUM FAR ± 95' x …

5th & Lavaca | Austin, Texas

EXECUTIVE SUMMARY

Jones Lang LaSalle (“JLL”) has been exclusively retained to offer qualified investors the rare opportunity to purchase the fee simple and ground lease interest in 5th & Lavaca (the “Property” or “Site”) in the heart of Downtown Austin, Texas. 5th & Lavaca is comprised of two adjacent parcels totaling 0.2704 acres at 209 & 213 W 5th Street. Located in the nexus of Austin’s Central Business District, the Site offers unparalleled walkability in with a walk score of 97 out of 100, which reflects the location’s amenity base that is unmatched in Austin. With no height restrictions (25:1 maximum FAR), and site dimensions of roughly 95’ X 125’, 5th & Lavaca presents a unique development opportunity rarely presented in Texas’s dynamic 24-hour capital city.

Page 3: 5TH & LAVACA...JLL | 3209 & 213 W 5th Street SOUTHEAST CORNER OF 5TH ST & LAVACA AUSTIN, TX 78701 0.2704 ACRES 11,778 SQUARE FEET CBD ZONING 25:1 MAXIMUM FAR ± 95' x …

JLL | 3

209 & 213 W 5th StreetSOUTHEAST CORNER OF 5TH ST & LAVACA

AUSTIN, TX 78701

0.2704ACRES

11,778SQUARE FEET

CBDZONING

25:1MAXIMUM FAR

± 95' x 125'DIMENSIONS

NoneCVC RESTRICTIONS

100%IMPERVIOUS

COVERAGE

NonePARKING

RESTRICTIONS

PROPERTY OVER VIEW

Page 4: 5TH & LAVACA...JLL | 3209 & 213 W 5th Street SOUTHEAST CORNER OF 5TH ST & LAVACA AUSTIN, TX 78701 0.2704 ACRES 11,778 SQUARE FEET CBD ZONING 25:1 MAXIMUM FAR ± 95' x …

5th & Lavaca | Austin, Texas

LOCATION OVER VIEW

DOWNTOWN AUSTIN

The Site is located in the in the heart of Downtown Austin, one of the fastest growing metro areas in the nation. Downtown currently hosts a working population of nearly 90,000 daytime employees and a growing residential base of more than 14,000 people. Driven by the robust population growth and favorable business laws, Downtown hosts an impressive roster of employers including the Whole Foods world headquarters, Google, Expedia, Facebook, Indeed, Cirrus Logic, and countless law, engineering, government, real estate and high-tech companies. With an influx of apartment, condominium, retail and office developments, the Downtown core has transformed Austin into a 24-hour city.

LANCE ARMSTRONG BIKEWAY

W 6TH STW 6TH ST

W 7TH ST

W 5TH STW 5TH ST

W 4TH ST

E 6TH ST

E 7TH ST

E 5TH ST

E 4TH ST

W 3RD ST E 3RD ST

W 3RD ST

LAVA

CA ST

COLO

RADO

ST

CONG

RESS

AVE

S FIR

ST ST

BRI

DGE

CONG

RESS

AVE B

RIDG

E

BRAZ

OS ST

SAN

JACI

NTO

BLVD

SAN

JACI

NTO

BLVD

TRIN

ITY ST

GUAD

ALUP

E ST

SAN

ANTO

NIO

ST

NUEC

ES ST

RIO

GRAN

DE ST

WEST

AVE

WEST

AVE

N LA

MAR

BLVD

N LA

MAR

BLVD

LAMA

R BL

VD B

RIDG

E

PFLU

GER P

EDES

TRIAN

BRID

GE

S LAM

AR B

LVD

S FIR

ST ST

S CON

GRES

S AVE

BARTON SPRINGS RD

BARTON SPRINGS RD

LEE B

ARTO

N DR

W RIVERSIDE DR

BAYL

OR STWE

LSH

ST

W 2ND ST E 2ND STW 2ND ST

SANDRA MURAIDA WAY

W CESAR CHAVEZ ST E CESAR CHAVEZ ST

ANN

& RO

Y BUT

LER

HIKE

& B

IKE T

RAIL

ANN & ROY BUTLER HIKE & BIKE TRA I L

LADY BIRD LAKE

SHOA

L CRE

EK

LADY BIRD LAKE

LADY BIRD LAKE

BUTLER PARK

BUTL

ER PA

RK P

ITCH

& PU

TTAUDITORIUM SHORES

REPUBLICSQUARE

TOWN LAKEMETROPOLITAN PARK

SAND BEACH PARK

PARKINGGARAGE

AUSTINCENTRALLIBRARY

AUSTINCITYHALL

U.S. FEDERALCOURTHOUSE

THE LONG CENTER FORPERFORMING ARTS

AUSTINCONVENTION

CENTER

PALMEREVENTS CENTER

Francesca’s Hemline

Finley’s BarberDaily Juice Cafe

Austin Rocks

Eliza Page Esperos StudioUAL

RIDE Indoor Cycling

Luxe Apothetique

Modcloth

Prize

Con Olio

Toy Joy

LOFT

Violet Crown CinemaBonobos

Orange Theory Fitness

Urban Outfitters

ACL Live

Jos A Bank

Patagonia

League of Rebels

Sikara

Milk + Honey

Waterloo Records

lululemon athletica

By George

Paper Source

West Elm

Free People

O�ce DepotLifetime Fitness

Book People

Anthropologie

REI

Ruiz Salon

Fleet Feet

Barre 3

Wild Orchid Salon

Core Power Yoga

Tsunami Salon

Mellow Johnny’s Bike Shop

Royal Blue Grocery

Gables Park Plaza

AMLI 300

Gables Park Tower

Seaholm Residences

The Spring

The Bowie

The Monarch404 Rio Grande

SEVEN Apartments

Austin Proper

AMLI on 2ndAMLI Downtown

The Austonian

360 Condos Gables Republic Square

W Residences

Fifth & West

North Shore Ashton Austin

The IndependentGables West Avenue

Austin City Lofts

W Hotel

Hotel Zaza

JW Marriott

The Line Hotel

Extended Stay America

Austin Proper

Aloft Austin Downtown

Starbucks

Boiler NineTrue Food Kitchen

Thundercloud Subs

PolvosIntelligentsia

Juiceland

Flower Child

North ItaliaLa Condesa Jo’s Co�eeTaverna

Royal Blue Grocery

Numero28

LambertsATX Cocina

Le PolitiqueMad Greens

Mama Fu’sIII Forks

Austin Java

Starbucks

Second Bar + Kitchen

The Capital GrilleHangar Lounge

Halycon

Sophia’sThe Grove Kung Fu Saloon Rio

The DogwoodHut’s Hamburgers

Star Bar

Wu ChowFixe

Little Woodrow’s

Ranch 616

Peché

Bob’s Steak & Chop

Truluck’s

Walton’sParlor & Yard

RETAIL

RESIDENTIAL

OFFICE

FOOD/BEVERAGE

HOTEL

Page 5: 5TH & LAVACA...JLL | 3209 & 213 W 5th Street SOUTHEAST CORNER OF 5TH ST & LAVACA AUSTIN, TX 78701 0.2704 ACRES 11,778 SQUARE FEET CBD ZONING 25:1 MAXIMUM FAR ± 95' x …

JLL | 5

90,000DAYTIME EMPLOYEES

14,000+RESIDENTIAL BASE

27.4MANNUAL VISITORS

(2018)

LANCE ARMSTRONG BIKEWAY

W 6TH STW 6TH ST

W 7TH ST

W 5TH STW 5TH ST

W 4TH ST

E 6TH ST

E 7TH ST

E 5TH ST

E 4TH ST

W 3RD ST E 3RD ST

W 3RD ST

LAVA

CA ST

COLO

RADO

ST

CONG

RESS

AVE

S FIR

ST ST

BRI

DGE

CONG

RESS

AVE B

RIDG

E

BRAZ

OS ST

SAN

JACI

NTO

BLVD

SAN

JACI

NTO

BLVD

TRIN

ITY ST

GUAD

ALUP

E ST

SAN

ANTO

NIO

ST

NUEC

ES ST

RIO

GRAN

DE ST

WEST

AVE

WEST

AVE

N LA

MAR

BLVD

N LA

MAR

BLVD

LAMA

R BL

VD B

RIDG

E

PFLU

GER P

EDES

TRIAN

BRID

GE

S LAM

AR B

LVD

S FIR

ST ST

S CON

GRES

S AVE

BARTON SPRINGS RD

BARTON SPRINGS RD

LEE B

ARTO

N DR

W RIVERSIDE DR

BAYL

OR STWE

LSH

ST

W 2ND ST E 2ND STW 2ND ST

SANDRA MURAIDA WAY

W CESAR CHAVEZ ST E CESAR CHAVEZ ST

ANN

& RO

Y BUT

LER

HIKE

& B

IKE T

RAIL

ANN & ROY BUTLER HIKE & BIKE TRA I L

LADY BIRD LAKE

SHOA

L CRE

EK

LADY BIRD LAKE

LADY BIRD LAKE

BUTLER PARK

BUTL

ER PA

RK P

ITCH

& PU

TT

AUDITORIUM SHORES

REPUBLICSQUARE

TOWN LAKEMETROPOLITAN PARK

SAND BEACH PARK

PARKINGGARAGE

AUSTINCENTRALLIBRARY

AUSTINCITYHALL

U.S. FEDERALCOURTHOUSE

THE LONG CENTER FORPERFORMING ARTS

AUSTINCONVENTION

CENTER

PALMEREVENTS CENTER

Francesca’s Hemline

Finley’s BarberDaily Juice Cafe

Austin Rocks

Eliza Page Esperos StudioUAL

RIDE Indoor Cycling

Luxe Apothetique

Modcloth

Prize

Con Olio

Toy Joy

LOFT

Violet Crown CinemaBonobos

Orange Theory Fitness

Urban Outfitters

ACL Live

Jos A Bank

Patagonia

League of Rebels

Sikara

Milk + Honey

Waterloo Records

lululemon athletica

By George

Paper Source

West Elm

Free People

O�ce DepotLifetime Fitness

Book People

Anthropologie

REI

Ruiz Salon

Fleet Feet

Barre 3

Wild Orchid Salon

Core Power Yoga

Tsunami Salon

Mellow Johnny’s Bike Shop

Royal Blue Grocery

Gables Park Plaza

AMLI 300

Gables Park Tower

Seaholm Residences

The Spring

The Bowie

The Monarch404 Rio Grande

SEVEN Apartments

Austin Proper

AMLI on 2ndAMLI Downtown

The Austonian

360 Condos Gables Republic Square

W Residences

Fifth & West

North Shore Ashton Austin

The IndependentGables West Avenue

Austin City Lofts

W Hotel

Hotel Zaza

JW Marriott

The Line Hotel

Extended Stay America

Austin Proper

Aloft Austin Downtown

Starbucks

Boiler NineTrue Food Kitchen

Thundercloud Subs

PolvosIntelligentsia

Juiceland

Flower Child

North ItaliaLa Condesa Jo’s Co�eeTaverna

Royal Blue Grocery

Numero28

LambertsATX Cocina

Le PolitiqueMad Greens

Mama Fu’sIII Forks

Austin Java

Starbucks

Second Bar + Kitchen

The Capital GrilleHangar Lounge

Halycon

Sophia’sThe Grove Kung Fu Saloon Rio

The DogwoodHut’s Hamburgers

Star Bar

Wu ChowFixe

Little Woodrow’s

Ranch 616

Peché

Bob’s Steak & Chop

Truluck’s

Walton’sParlor & Yard

RETAIL

RESIDENTIAL

OFFICE

FOOD/BEVERAGE

HOTEL

5TH &LAVACA

Page 6: 5TH & LAVACA...JLL | 3209 & 213 W 5th Street SOUTHEAST CORNER OF 5TH ST & LAVACA AUSTIN, TX 78701 0.2704 ACRES 11,778 SQUARE FEET CBD ZONING 25:1 MAXIMUM FAR ± 95' x …

BLOCK 71BLOCK 185300 COLORADO

701 RIO GRANDETHE REPUBLIC6TH X GUADALUPE

5th & Lavaca | Austin, Texas

Page 7: 5TH & LAVACA...JLL | 3209 & 213 W 5th Street SOUTHEAST CORNER OF 5TH ST & LAVACA AUSTIN, TX 78701 0.2704 ACRES 11,778 SQUARE FEET CBD ZONING 25:1 MAXIMUM FAR ± 95' x …

JLL | 7

NEARBY COMPLIMENTARY DEVELOPMENTS

300 COLORADO

Scheduled to deliver in January 2021, the 353,938 SF Class AA office tower is 88% pre-leased.

INDEED TOWERScheduled for delivery in 2Q 2021, 673,000 SF Class AA office, 35,000 SF ground floor retail, and 17,000 SF of outdoor urban greenspace. The Project is

currently 69% pre-leased with Indeed as the anchor tenant.

BLOCK 185Scheduled for delivery in 2022, the 790,000 SF Class AA office building is 100% leased to Google.

6TH + GUADALUPE

Scheduled to deliver in 2023, the development will consist of 589,661 SF of Class AA office, 349 residential units, and 11,675 SF of retail space.

THE REPUBLIC

Proposed 750,000 SF of Class AA office.

701 RIO GRANDE

120,000 SF of Class A office currently under construction and scheduled to deliver in 3Q 2021.

Page 8: 5TH & LAVACA...JLL | 3209 & 213 W 5th Street SOUTHEAST CORNER OF 5TH ST & LAVACA AUSTIN, TX 78701 0.2704 ACRES 11,778 SQUARE FEET CBD ZONING 25:1 MAXIMUM FAR ± 95' x …

5th & Lavaca | Austin, Texas

DOWNTOWN AUSTIN MULTI-HOUSING PIPELINE

STATUS PROPERTY NAME DEVELOPER NUMBER OF UNITS

Under Construction 6th X Guadalupe Kairoi Residential 349

Under Construction The Quincy Endeavor 347

Under Construction Alexan Wateroloo Trammell Crow Residential 274

Under Construction Hanover Republic Square Hanover Company 310

Under Construction 5th & Brazos Magellan Development Group 330

Under Construction Block 36 Transwestern 263

Total - Under Construction 1,873

STATUS PROPERTY NAME DEVELOPER NUMBER OF UNITS

Planned & Approved Presidio III SLR Texas Development 155

Total - Planned & Approved 155

STATUS PROPERTY NAME DEVELOPER NUMBER OF UNITS

Planned East 9th Street Sackman Enterprises 145

Planned Hanover 3rd & Brazos Hanover Company 306

Planned The Travis Genesis Real Estate 414

Planned 321 W 6th Street Ryan Companies 365

Planned 90 Rainey Stree UrbanSpace 442

Planned Town Lake Lofts Richman Group 218

Planned 827 W 12th Street Transwestern 147

Total - Planned 2,037

DOWNTOWN'S GROWINGRESIDENTIAL BASE

As Downtown continued to develop and demand for urban living grew, the residential population in Downtown Austin increased from 4,000 people in the early 2000’s to housing more than 14,000 people today. With that number projected to double by 2040, developers have been hyper-focused on meeting the demand for downtown housing with a robust construction pipeline.

Page 9: 5TH & LAVACA...JLL | 3209 & 213 W 5th Street SOUTHEAST CORNER OF 5TH ST & LAVACA AUSTIN, TX 78701 0.2704 ACRES 11,778 SQUARE FEET CBD ZONING 25:1 MAXIMUM FAR ± 95' x …

JLL | 9

TOWN LAKE LOFTSHANOVER REPUBLIC SQUARE6TH X GUADALUPE

THE QUINCY5TH AND BRAZOSALEXAN WATERLOO

Page 10: 5TH & LAVACA...JLL | 3209 & 213 W 5th Street SOUTHEAST CORNER OF 5TH ST & LAVACA AUSTIN, TX 78701 0.2704 ACRES 11,778 SQUARE FEET CBD ZONING 25:1 MAXIMUM FAR ± 95' x …
Page 11: 5TH & LAVACA...JLL | 3209 & 213 W 5th Street SOUTHEAST CORNER OF 5TH ST & LAVACA AUSTIN, TX 78701 0.2704 ACRES 11,778 SQUARE FEET CBD ZONING 25:1 MAXIMUM FAR ± 95' x …

JLL | 11

Downtown Austin remains the entertainment nexus for the city and boasts the largest density of bars and restaurants in the city. Residents and visitors alike have many different districts and areas to choose from all with different characteristics including: Sixth Street, 2nd Street & Greenwater, Rainey Street and the East Side among others. Additionally, Austin is deemed The Live Music Capital of the World with over 1,700 live music venues and Downtown is home to South by Southwest (SXSW) and the ACL Music Festival, two of America’s largest media events.

ENTERTAINMENTOPTIONS

200+RESTAURANTS

DOWNTOWN AUSTIN

145+BARS

135+RETAIL STORES

Page 12: 5TH & LAVACA...JLL | 3209 & 213 W 5th Street SOUTHEAST CORNER OF 5TH ST & LAVACA AUSTIN, TX 78701 0.2704 ACRES 11,778 SQUARE FEET CBD ZONING 25:1 MAXIMUM FAR ± 95' x …

5th & Lavaca | Austin, Texas

LANCE ARMSTRONG BIKEWAY

W 6TH ST

W 6TH STW 7TH ST

W 8TH ST

W 8TH ST

W 8TH ST

W 8TH ST

W 9TH ST

W 9TH ST

W 10TH ST

W 11TH ST

W 10TH ST W 12TH ST

W 12TH ST

W 13TH ST

W 14TH ST

W 15TH ST

W 16TH ST

W 17TH ST

W 5TH ST

W 5TH ST

W 5TH ST

W 4TH ST E 6TH ST

E 7TH ST

E 8TH ST

E 9TH ST

E 10TH ST

E 5TH ST

E 4TH ST

W 3RD ST

E 3RD ST

W 3RD ST

LAVA

CA ST

LAVA

CA ST

COLO

RADO

ST

COLO

RADO

ST

CONG

RESS

AVE

S FIR

ST ST

BRI

DGE

CONG

RESS

AVE B

RIDG

E

BRAZ

OS ST

BRAZ

OS ST

SAN

JACI

NTO

BLVD

SAN

JACI

NTO

BLVD

TRIN

ITY ST

GUAD

ALUP

E ST

GUAD

ALUP

E ST

SAN

ANTO

NIO

ST

SAN

ANTO

NIO

ST

NUEC

ES ST

NUEC

ES ST

RIO

GRAN

DE ST

WEST

AVE

WEST

AVE

N LA

MAR

BLVD

N LAM

AR BL

VD

N LA

MAR

BLVD

LAMA

R BL

VD B

RIDG

EPFL

UGER PE

DESTRIA

N BRIDGE

S LAM

AR BL

VD

KINNE

Y AVE

OXFO

RD AV

E

GARN

ER AV

E

LINSCOMB AVE

TREADWELL ST

DEXTER ST

MARGARET ST

DYWER AVE

KERR ST

JULIET ST

S FIRS

T ST

S 5TH

ST

BOUL

DIN AV

E

S CON

GRES

S AVE

BARTON SPRINGS RD

BARTON SPRINGS RD

BARTON SPRINGS RD

BARTON SPRINGS RD

LEE B

ARTO

N DR W RIVERSIDE DR

BAYL

OR ST

SHEL

LEY A

VELORR

AIN ST

ELM

ST

MAUF

RAIS

ST

HIGHL

AND A

VEOA

KLAN

D AVE

WELS

H ST

PRES

SLER

ST

BLAN

CO ST

W LYNN

ST

PATT

ERSO

N AV

E

CAMP

BELL

ST

W 2ND ST

E 2ND ST

W 2ND ST

SANDRA MURAIDA WAY

W CESAR CHAVEZ ST

W CESAR CHAVEZ ST

E CESAR CHAVEZ ST

ANN

& RO

Y BUT

LER

HIKE

& B

IKE T

RAIL

ANN & R OY BUTLER HIKE & BIKE TRAIL

WEST

AVE

LADY BIRD LAKE

SHOA

L CRE

EK

LADY BIRD LAKE

LADY BIRD LAKE

BUTLER PARK

BUTL

ER PA

RK PI

TCH &

PUTT

REPUBLICSQUARE

TOWN LAKEMETROPOLITAN PARK

SAND BEACH PARK

PARKINGGARAGE

PARKINGGARAGE

U.S. FEDERALCOURTHOUSE

The Long Centerfor Performing Arts

Austin CentralLibrary

AustinConvention Center

AustinCity Hall

PalmerEvents Center

LADY BIRD LAKE

BAT VIEWING ON CONGRESS

AUDITORIUM SHORES

BARTON SPRINGS POOL

ZILKER PARK

BUTLER HIKE & BIKE

Austin’s location along the Colorado River, at the base of the Texas Hill Country, allows residents to enjoy more than 14,000 acres of public green space within the city and an additional 7,500 acres in the nearby hills to the west. The Site offers a superior location that is walking distance to many of the area’s finest recreational destinations, including Lady Bird Lake, Auditorium Shores, Barton Springs Pool, Zilker Park, Butler Hike & Bike Trail, and Bat Viewing on Congress Avenue Bridge.

ABUNDANTPARKS & RECREATION

Page 13: 5TH & LAVACA...JLL | 3209 & 213 W 5th Street SOUTHEAST CORNER OF 5TH ST & LAVACA AUSTIN, TX 78701 0.2704 ACRES 11,778 SQUARE FEET CBD ZONING 25:1 MAXIMUM FAR ± 95' x …

JLL | 13

LANCE ARMSTRONG BIKEWAY

W 6TH ST

W 6TH STW 7TH ST

W 8TH ST

W 8TH ST

W 8TH ST

W 8TH ST

W 9TH ST

W 9TH ST

W 10TH ST

W 11TH ST

W 10TH ST W 12TH ST

W 12TH ST

W 13TH ST

W 14TH ST

W 15TH ST

W 16TH ST

W 17TH ST

W 5TH ST

W 5TH ST

W 5TH ST

W 4TH ST E 6TH ST

E 7TH ST

E 8TH ST

E 9TH ST

E 10TH ST

E 5TH ST

E 4TH ST

W 3RD ST

E 3RD ST

W 3RD ST

LAVA

CA ST

LAVA

CA ST

COLO

RADO

ST

COLO

RADO

ST

CONG

RESS

AVE

S FIR

ST ST

BRI

DGE

CONG

RESS

AVE B

RIDG

E

BRAZ

OS ST

BRAZ

OS ST

SAN

JACI

NTO

BLVD

SAN

JACI

NTO

BLVD

TRIN

ITY ST

GUAD

ALUP

E ST

GUAD

ALUP

E ST

SAN

ANTO

NIO

ST

SAN

ANTO

NIO

ST

NUEC

ES ST

NUEC

ES ST

RIO

GRAN

DE ST

WEST

AVE

WEST

AVE

N LA

MAR

BLVD

N LAM

AR BL

VD

N LA

MAR

BLVD

LAMA

R BL

VD B

RIDG

EPFL

UGER PE

DESTRIA

N BRIDGE

S LAM

AR BL

VD

KINNE

Y AVE

OXFO

RD AV

E

GARN

ER AV

E

LINSCOMB AVE

TREADWELL ST

DEXTER ST

MARGARET ST

DYWER AVE

KERR ST

JULIET ST

S FIRS

T ST

S 5TH

ST

BOUL

DIN AV

E

S CON

GRES

S AVE

BARTON SPRINGS RD

BARTON SPRINGS RD

BARTON SPRINGS RD

BARTON SPRINGS RD

LEE B

ARTO

N DR W RIVERSIDE DR

BAYL

OR ST

SHEL

LEY A

VELORR

AIN ST

ELM

ST

MAUF

RAIS

ST

HIGHL

AND A

VEOA

KLAN

D AVE

WELS

H ST

PRES

SLER

ST

BLAN

CO ST

W LYNN

ST

PATT

ERSO

N AV

E

CAMP

BELL

ST

W 2ND ST

E 2ND ST

W 2ND ST

SANDRA MURAIDA WAY

W CESAR CHAVEZ ST

W CESAR CHAVEZ ST

E CESAR CHAVEZ ST

ANN

& RO

Y BUT

LER

HIKE

& B

IKE T

RAIL

ANN & R OY BUTLER HIKE & BIKE TRAIL

WEST

AVE

LADY BIRD LAKE

SHOA

L CRE

EK

LADY BIRD LAKE

LADY BIRD LAKE

BUTLER PARK

BUTL

ER PA

RK PI

TCH &

PUTT

REPUBLICSQUARE

TOWN LAKEMETROPOLITAN PARK

SAND BEACH PARK

PARKINGGARAGE

PARKINGGARAGE

U.S. FEDERALCOURTHOUSE

The Long Centerfor Performing Arts

Austin CentralLibrary

AustinConvention Center

AustinCity Hall

PalmerEvents Center

LADY BIRD LAKE

BAT VIEWING ON CONGRESS

AUDITORIUM SHORES

BARTON SPRINGS POOL

ZILKER PARK

BUTLER HIKE & BIKE

LADY BIRD LAKE | 6 MINUTE WALK

A recreational lake surrounding the shoreline as well as stand-up paddle boarding, rowing, and fishing.

BUTLER HIKE & BIKE TRAIL | 6 MINUTE WALK

10-mile urban path that meanders along the water’s edge and passes by skyscrapers, neighborhoods, sport fields and cultural attractions.

BAT VIEWING ON CONGRESS AVENUE BRIDGE | 9 MINUTE WALK

An estimated 100,000 people annually visit this location to watch 1.5 million Mexican free-tailed bats fly from underneath the Congress Avenue Bridge at dusk during the spring and fall months.

AUDITORIUM SHORES | 13 MINUTE WALK

An urban greenspace featuring a large off-leash dog area, seasonal events and an outdoor live music venue. Home to the Cap-Tex Triathlon, Austin Food & Wine Festival, and site of the Fourth of July Fireworks celebration.

ZILKER PARK | 2 MILES FROM THE SITE

A 351-acre park that is home to the Austin City Limits Music Festival and features trails, gardens, swimming areas and more.

BARTON SPRINGS POOL | 2.5 MILES FROM THE SITE

A natural pool fed from underground springs with an average temperature of 68-70 degrees, ideal for year-round swimming.

5TH &LAVACA

Page 14: 5TH & LAVACA...JLL | 3209 & 213 W 5th Street SOUTHEAST CORNER OF 5TH ST & LAVACA AUSTIN, TX 78701 0.2704 ACRES 11,778 SQUARE FEET CBD ZONING 25:1 MAXIMUM FAR ± 95' x …

5th & Lavaca | Austin, Texas

EAST AUSTIN

RAINEY DISTRICT

CAPITOL COMPLEXHEALTH DISTRICT

INNOVATION DISTRICT

CONVENTION CENTERCENTRAL BUSINESS DISTRICT

MARKET DISTRICT

THE UNIVERSITY OF TEXAS AT AUSTIN

N LAMAR BLVD

W CESAR CHAVEZ ST

S 1ST ST

GUADALUPE ST

LAVACA ST

W 15TH ST

W MLK JR BLVD

S CONGRESS AVE

CONGRESS AVE

W 6TH ST

Lady Bird LakeEAST AUSTIN

• Explosive Growth & Revitalization• Development Fuels Gentrification as Demand Moves East• Cutting Edge Restaurants, Eclectic Nightlife• Cultural Heart of the City

RAINEY STREET DISTRICT

• Popular Historic District with Relaxed Austin Vibe

• Renovated Houses Turned Bungalow Bars & Eateries

• Hotspot for High-Rise Residential and Hotel Developments

CONVENTION CENTER

• State-of-the-Art Gigabit-Rated Facility Spanning 3 Downtown Blocks

• 246,000 SF of Contiguous Exhibit Space, 2 Ballrooms, 54 Meeting Rooms

• Major Venue for SXSW, Accommodating 150,000+ Attendees

INNOVATION DISTRICT

• Healthcare Research & Technology Focus• 17,000+ Jobs• Future Merck Campus (600 Employees)

HEALTH DISTRICT

• 600,000 SF UT Medical School• Tier 1 Research Facility• $463M Teaching Hospital• Opened Fall 2017

CAPITOL COMPLEX

• 40-Block Area Bounded by 10th & MLK

• 3-Phase, 5M SF Mixed-Use Development

• $580M Phase 1: 1M SF New Office & 3-Block Pedestrian Mall

ADDITIONAL DOWNTOWN DEMAND DRIVERS

Page 15: 5TH & LAVACA...JLL | 3209 & 213 W 5th Street SOUTHEAST CORNER OF 5TH ST & LAVACA AUSTIN, TX 78701 0.2704 ACRES 11,778 SQUARE FEET CBD ZONING 25:1 MAXIMUM FAR ± 95' x …

JLL | 15

EAST AUSTIN

RAINEY DISTRICT

CAPITOL COMPLEXHEALTH DISTRICT

INNOVATION DISTRICT

CONVENTION CENTERCENTRAL BUSINESS DISTRICT

MARKET DISTRICT

THE UNIVERSITY OF TEXAS AT AUSTIN

N LAMAR BLVD

W CESAR CHAVEZ ST

S 1ST ST

GUADALUPE ST

LAVACA ST

W 15TH ST

W MLK JR BLVD

S CONGRESS AVE

CONGRESS AVE

W 6TH ST

Lady Bird Lake

5TH &LAVACA

Page 16: 5TH & LAVACA...JLL | 3209 & 213 W 5th Street SOUTHEAST CORNER OF 5TH ST & LAVACA AUSTIN, TX 78701 0.2704 ACRES 11,778 SQUARE FEET CBD ZONING 25:1 MAXIMUM FAR ± 95' x …

AUSTIN, TEXAS

No. 1

JOB MARKETThe Wall Street Journal

No. 1

SOARING TECH SALARIES Bloomberg

No. 1

NATION'S HIGH-TECH HUBThe Wall Street Journal

No. 1

BEST CITY TO START A BUSINESSInc.

BEST PLACE TO LIVE IN THE U.S. 2017, 2018, 2019, 2020

U.S. News & World Report

AUSTIN IS VERY RESILIENT TO ECONOMIC DOWNTURNS. Take a look at our report and see why.

Page 17: 5TH & LAVACA...JLL | 3209 & 213 W 5th Street SOUTHEAST CORNER OF 5TH ST & LAVACA AUSTIN, TX 78701 0.2704 ACRES 11,778 SQUARE FEET CBD ZONING 25:1 MAXIMUM FAR ± 95' x …

No. 1

BEST CITY TO LIVE IN AMERICA

Money Magazine

No. 1

MARKET FOR REAL ESTATE INVESTMENT 2020

Emerging Trends in Real Estate® 2020

No. 2

BEST JOB MARKET Forbes

No. 2

LARGEST MILLENNIAL POPULATION

Commercial Cafe

$27.4 M ANNUAL VISITORS

$8.7 B ANNUAL ECONOMIC IMPACT FROM VISITOR SPENDING

ANNUAL REVENUE

ANNUAL REVENUE

$1 BILLION COTA/FORMULA 1

$265 MILLION ACL MUSIC FESTIVAL

Named by U.S. News and World Report as the Best Place to Live in the U.S. for four consecutive years, Austin has transformed from a quiet state capital into one of the fastest-growing metros in the country. Universally regarded for its thriving economy and prosperous employment opportunities, Austin’s quality of life truly sets it apart from other cities. People are drawn to the city’s cultural vitality, outdoor spaces, and vibrant food and entertainment scene. Known as the “Live Music Capital of the World”, Austin boasts hundreds of music venues and is home to SXSW and ACL Music Festival, two of the largest media events in the nation. Austin is celebrated for its enchanting natural beauty and oasis of outdoor activities found in more than 300 parks, 18,000 acres of green space, and 227 miles of trails. Austinites enjoy a reasonable cost of living with home prices below the national average, no state income tax, and the highest per capita income in the state. With a unique diversity of lifestyles within its boundaries, it is not hard to see why many people love to call Austin home.

Page 18: 5TH & LAVACA...JLL | 3209 & 213 W 5th Street SOUTHEAST CORNER OF 5TH ST & LAVACA AUSTIN, TX 78701 0.2704 ACRES 11,778 SQUARE FEET CBD ZONING 25:1 MAXIMUM FAR ± 95' x …

Major Tech Employers

144 IN 2019 (Creating 12,328 new jobs)

135 IN 2018 (Creating 18,213 new jobs)

115 IN 2017 (Creating 13,051 new jobs)

Corporate Expansions & Relocations

• Austin is a hot spot for tech companies from all over the U.S. with a total of 138,000 tech-related jobs (14% of total jobs compared to 7% nationally)

• In the past decade Austin is the No. 1 city gaining company migrations from California

• Austin has the highest tech salaries in the nation with an average salary of $202,000 (adjusted for cost of living)

• Austin’s strong tech presence fuels $31 billion into the economy, accounting for about 35% of the total

The new 133-acre development is expected to make it the largest private employer in Austin. Apple expects the new campus to accommodate 5,000 employees at first, though it will ultimately have a total capacity of 15,000.

Gigafactory Texas is an electric vehicle manufacturing facility that will create at least 5,000 new jobs. The 2,000-acre site will be an “ecological paradise” with public access, a boardwalk, hiking and biking paths, and other environmentally friendly features. The factory will produce the Model Y, Model 3, Semi, and Cybertruck.

APPLE ANNOUNCES NEW $1 BILLION AUSTIN CAMPUS AS PART OF BIG US EXPANSION

TESLA ANNOUNCES $1 BILLION MANUFACTURING EXPANSION IN SOUTHEAST AUSTIN

Latest News Reports

Dell Amazon GM13,000 6,600 2,800EMPLOYEES EMPLOYEES EMPLOYEES

(7,400 Potential)

Apple IBM Facebook6,000+ 6,000 2,700EMPLOYEES EMPLOYEES EMPLOYEES(11,000 Potential)

Oracle Samsung Indeed5,000+ 3,800 1,800+EMPLOYEES EMPLOYEES EMPLOYEES(10,000 Potential) (4,500 Potential)

AUSTIN, TEXAS

Page 19: 5TH & LAVACA...JLL | 3209 & 213 W 5th Street SOUTHEAST CORNER OF 5TH ST & LAVACA AUSTIN, TX 78701 0.2704 ACRES 11,778 SQUARE FEET CBD ZONING 25:1 MAXIMUM FAR ± 95' x …

1

LAKE TRAVIS

AUSTINAUSTIN

CEDAR PARKCEDAR PARKROUND ROCKROUND ROCK

CENTRAL BUSINESS DISTRICT

TECH RIDGE

Google

ebay

Apple

amazon

wework

cisco

Apple

facebook

IBM

StateFarm

Google

amazon

wework

84%INCREASE IN HOME SALES

SINCE 2010

17.4%OF AUSTIN’S POPULATION

ARE MILLENNIALS

169NEW RESIDENTS DAILY

2.2 MMSA POPULATION

11th Most Populous City in the U.S.

Page 20: 5TH & LAVACA...JLL | 3209 & 213 W 5th Street SOUTHEAST CORNER OF 5TH ST & LAVACA AUSTIN, TX 78701 0.2704 ACRES 11,778 SQUARE FEET CBD ZONING 25:1 MAXIMUM FAR ± 95' x …

5th & Lavaca | Austin, Texas

1703 West 5th Street, Suite 850 | Austin, TX 78703

www.us.jll.com/capitalmarkets

Copyright © Jones Lang LaSalle IP, Inc. 2021

This publication is the sole property of Jones Lang LaSalle and must not be copied, reproduced or transmitted in any form or by any means, either in whole or in part, without the prior written consent of Jones Lang LaSalle. The information contained in this publication has been obtained from sources generally regarded to be reliable. However, no representation is made, or warranty given, in respect of the accuracy of this information. We would like to be informed of any inaccuracies so that we may correct them. Jones Lang LaSalle does not accept any liability in negligence or otherwise for any loss or damage suffered by any party resulting from reliance on this publication. Jones Lang LaSalle Americas, Inc., California license # 01223413. Jones Lang LaSalle Americas, Inc. License # 19262.

Any opinion or estimate of value of any asset in this presentation is based upon the high-level preliminary review by JLL. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice. JLL expressly disclaims any liability for any reliance on any opinion or estimate of value in this presentation by any party.

CONTACT INFORMATION

Garrett Gilleland Senior Director+1 512 532 [email protected]

Sean Sorrell Senior Managing Director+1 512 532 [email protected]

Josh VillarrealAnalyst+1 512 532 [email protected]

Nicole FontaineAnalyst+1 512 532 [email protected]

DEBT CONTACTRobert Wooten Senior Managing Director+1 512 532 [email protected]