919 Congress Avenue
- ADDRESS:919 Congress Avenue Austin, TX 78701
- MARKET:Austin, TX
- YEAR BUILT:1984
- RENTABLE AREA:164,044 Square Feet
- AVG. FLOOR PLATE:13,500 Square Feet
919 Congress Avenue is a 163,000 square foot building that overlooks the Texas State Capital in Austin. Moore purchased the building in 2004 for $24 million. The building was becoming 30% vacant.
An element of the leasing plan was to attract Texas’ most prominent lobbying firm by capitalizing on the unique views overlooking the Capital Building. 919 became the location of choice for lobbyists, and has since maintained 95% occupancy levels.
Although acquired as a value-add investment, investors decided to keep the Class A property for its long-term stability of cash flow. 919 Congress was most recently valued at $60 million.