JLL Capital Markets announced that it arranged the sale of Lavaca Plaza, an 11-story, 122,042-square-foot office building in Austin.
JLL marketed the property on behalf of the seller. Riverside purchased Lavaca Plaza.
Originally built in 1981, Lavaca Plaza features parking on floors one through seven (one of the highest parking ratios in Downtown Austin) and four stories of office space with a variety of suite sizes.
Lavaca Plaza is located at 504 Lavaca St. in the heart of Downtown Austin at Fifth and Lavaca, making it one of the most walkable office assets in the Austin market with a walk score of 99. The immediate surrounding area includes more than two million square feet of retail, 6,700 hotel keys and 4,300 residential units. Lavaca Plaza benefits from superior walkability and access to countless amenities, sitting just blocks from the Second Street District, Sixth Street Entertainment District and Lady Bird Lake with more than 10 miles of hiking and bikin
