Cornerstone Nets 811 Barton Bldg. in South Austin

Aug 15, 2014

Springfield, MA-based Cornerstone Real Estate Advisors looked to Texas to acquire its latest investment, securing the 811 Barton Building in South Austin from TIAA-CREF

The 143,183-square-foot office building delivered in 1986 at 811 Barton Springs Rd. between Austin's CBD and Southwest submarkets. The Energy Star-rated mid-rise traded at 99% occupancy with Streusand Landon, St. David's Healthcare and Stubb's Legendary Kitchen among the tenants currently leasing space, according to CoStar information

Hale Umstattd and Leah Gallagher of Transwestern engineered the transaction on behalf of TIAA-CREF, which invested more than $1 million into the property over the last several years and secured a LEED Gold designation in 2013 for its efforts

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