{"id":1004140684,"date":"2016-03-31T01:20:25","date_gmt":"2016-03-31T09:20:25","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004140684"},"modified":"2020-05-18T12:20:25","modified_gmt":"2020-05-18T20:20:25","slug":"wanted-investment-partner-for-100-congress","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/wanted-investment-partner-for-100-congress\/","title":{"rendered":"Wanted: Investment Partner for 100 Congress"},"content":{"rendered":"<p><em>By Anca Gagiuc, Associate Editor<\/em><\/p>\n<div id=\"attachment_1004140687\" style=\"width: 210px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/100-Congress-Office-Tower-Austin.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004140687\" data-attachment-id=\"1004140687\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/wanted-investment-partner-for-100-congress\/100-congress-office-tower-austin\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/100-Congress-Office-Tower-Austin.jpg\" data-orig-size=\"600,900\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;Jared Tennant&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"100 Congress Office Tower, Austin\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;100 Congress Office Tower, Austin&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/100-Congress-Office-Tower-Austin.jpg?w=600\" class=\"wp-image-1004140687 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/100-Congress-Office-Tower-Austin.jpg\" alt=\"100 Congress Office Tower, Austin\" width=\"200\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/100-Congress-Office-Tower-Austin.jpg 600w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/03\/100-Congress-Office-Tower-Austin.jpg?resize=200,300 200w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/a><p id=\"caption-attachment-1004140687\" class=\"wp-caption-text\"><em>100 Congress Office Tower, Austin<\/em><\/p><\/div>\n<p><strong>Austin, Texas<\/strong>\u2014<a href=\"https:\/\/www.metlife.com\/investments\/real-estate\/investment-management.html'\" rel=\"nofollow\" target=\"_blank\">MetLife Investment Management<\/a>, owner of the <a href=\"https:\/\/100congressave.com\/\" rel=\"nofollow\" target=\"_blank\">100 Congress<\/a> trophy office tower in the Austin CBD, is seeking a joint venture partner in the 22-story building. The institutional investment management business of MetLife Inc. has selected <a href=\"https:\/\/www.cbrecapitalmarkets.com\/EN\/Pages\/Home.aspx\" rel=\"nofollow\" target=\"_blank\">CBRE<\/a> to market the opportunity.<\/p>\n<p>John Alvarado, Russel Ingrum, Gary Carr, Todd Mills and Robert Hill are representing MIM.<\/p>\n<p>The Class AA office tower offers 411,536 rentable square feet and is 95 percent leased to a diversified base of credit-worthy tenants, including law firms Armbrust &amp; Brown, Jackson Walker and Allensworth &amp; Porter.<\/p>\n<p>100 Congress was developed in 1987 and has been managed since by MetLife Investment Management. In 2014, the firm has completed a major renovation \u201cthat helps to solidify 100 Congress as one of the best assets in the market\u201d, according to CBRE.<\/p>\n<p>&#8220;100 Congress presents a rare opportunity to invest in world-class levels of space and tenancy within the highly coveted downtown Austin market,\u201d said John Alvarado, senior vice president, CBRE. \u201cThere truly is no better combination of quality and location\u2014the very essence of core real estate\u2014across the State of Texas.\u201d<\/p>\n<p><em>Images courtesy of 100 Congress<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CBRE Capital Markets announces the opportunity to invest up to 50 percent interest in a joint venture to own Austin\u2019s 100 Congress office tower.<\/p>\n","protected":false},"author":237,"featured_media":1004140686,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21783,21742,21747],"tags":[],"class_list":["post-1004140684","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-investment","category-latest","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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