Todd Mills, Hunter Mills and Casey Knust, with CBRE Capital Markets’ Institutional Properties, are marketing the asset on behalf of Dallas-based Spire Realty.
Chase Tower, located at 221 West Sixth Street, is home to the legendary, private Headliners Club on the 21st floor and is 99 percent occupied. The tower was built in 1974 and renovated in 2007 with a full floor of on-site amenities, including a new fitness center, tenant lounge, conference facilities and deli.
“Chase Tower is the best located office asset in downtown Austin and offers investors a fantastic opportunity to capitalize on spiking rental rates in the CBD while maintaining strong occupancy,” said Todd Mills, Executive Vice President, CBRE. “It is the ownership’s desire to close in early 2017.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
