JLL is pleased to offer the exclusive opportunity to purchase 1005 E. St. Elmo (the “Property”), a 61,229 square-foot, 86% leased creative office property located in the emerging St. Elmo District of South Austin. As a defining development in the submarket, the Property consists of 10 individual buildings serving as top of the line creative office on 4.39 acres in the heart of the St. Elmo District. The District is the newest and hippest neighborhood in the city with over 2,500 existing and planned apartment units in addition to The Yard - a complex within St. Elmo that includes over 200,000 square feet of collaborative manufacturing, office, and retail space. The St. Elmo District will also feature the 400,000-square foot St. Elmo Public Market, a mixed-use project comprised of office, hotel, residential, and retail space along with an indoor market. Within the Public Market is a 105,000-square foot office development named St. Elmo Plaza, 395 proposed multifamily units, and a boutique hotel.
With its unique location on the eastern edge of St. Elmo, the Property boasts the best north/south and east/west accessibility throughout all of South Austin with the Interstate 35 and Highway 71/290 both less than a quarter-mile away providing immediate access to the entirety of the rapidly transforming area. South Austin has seen relocations and expansions of several of Austin’s most prominent businesses including Amazon, Oracle, Uber and Tesla. As a one-of-a-kind collaborative and creative office asset, 1005 E. St. Elmo is primed for continued rent growth as Austin’s positive market momentum continues to build concurrently with the city’s flourishing growth and return to normalcy following the COVID-19 pandemic.
- Desirable Creative Office Product
- Value-Add Opportunity With Limited Capital Needs
- Unique Location Immersed In South Austin's Newest Mixed-Use District
- Seamless Accessibility Throughout The Entire Austin Metro
- Strong South Austin Office Market