Clarion fund buys Austin office

Asana Partners has sold Congress Commons, a fully leased, 50,244-square-foot mixed-use creative office and retail property in the heart of downtown Austin, Texas.

Clarion Partners purchased the asset on behalf of Clarion Partners Real Estate Income Fund (CPREIF); however, the sales price was not disclosed.

Originally built in the late 1800s and early 1900s, Congress Commons brings together three historic Austin properties — the McKean-Eilers, Day and Swift buildings — that were once home to some of the most successful businesses of the day, including the Swift Meat Packing Company and Davis Hardware. Repositioned in 2013 into a mixed-use creative office property, Congress Commons is fully leased to Accenture, One Medical, Sushi Junai, Swift's Attic and the Elephant Room.

The property is positioned along one of Austin's most heavily trafficked streets — Congress Ave., between 3rd and 4th Streets. This location is in the heart of downtown Austin, offering wa