Project Portfolio

« back to project list

Scarbrough Building

101 6th St. W.
Austin, TX 78701
Google Maps 
  • The Scarbrough Building was purchased simultaneously with the Littlefield building from 2 different owners in December 1999. The asset had no parking but when married with the abundant parking provided by the adjacent Littlefield garage, tremendous value was added. The net rentable square footage was also increased 25% through remeasurement and the conversion/recapturing of space. Rents were grown from $9 gross to $22 gross and occupancy went from 45% to 95% during the two year ownership period. The project was ultimately sold to a private capital group in December of 1999. T. Stacy managed and leased the property during ownership and also handled these functions for the new owner for two years after the sale.