price upon request
Nestled in the heart of downtown Austin, Texas, this premier property offers unparalleled access to the University of Texas campus, the State Capitol Complex, and the vibrant downtown core. Designed with flexibility in mind, the building features adaptable unit sizes that cater to a diverse range of professional entities, providing an ideal blend of prime location and convenience.
Strategically positioned at the intersection of two major downtown arteries—15th Street and MLK Jr. Boulevard—this location ensures reduced commute times, even during peak travel hours. Residents and professionals can enjoy a walkable lifestyle with easy access to the Capitol, UT, and an array of dining and entertainment venues. Additionally, the proposed light rail adjacent to the site will further enhance local commuting options.
Thoughtfully designed and purpose-built, the building allows each floor to function as a standalone unit or be divided into multiple spaces. Buyers can purchase only the space they need while also planning for future expansion. Those seeking an investment opportunity can create an income stream by leasing out any excess space.
Convenient parking solutions are just steps away, with the Guadalupe Garage and State Parking Garage E located less than 100 yards from the property, offering both short- and long-term options. Several nearby garages and surface lots further provide buyers with flexible parking arrangements to suit their specific needs.
suite 200
Sale price: Contact Broker
Unit Size: 8,887 RSF
Availability: leased through august 24, 2026 to UT Board of Regents
suite 300
As-is whole floor price: $5,022,420 ($470 PSF)
Unit Size: 10,686 RSF
Features:
- Can be divided into smaller units
- Largest unit in the building
- Turn-key creative office finishes with perimeter offices, conference, and entertainment rooms
suite 400
Sale price: $4,978,710 ($470 PSF)
Floor Size: 10,593 RSF
Features:
- Turn-key — move in ready
- furnishings available
suite 500
Sale price: $4,993,290 ($545 PSF)
Unit Size: 9,162 RSF
Features:
- premier top-floor suite with incredible views
- direct acess to 1,700 SF patio with covered grill
- turn-key — move in ready
- furnishings available
the location
about Michael
MICHAEL SEARLS
Commercial VP
Michael Searls is a 15-year commercial real estate veteran specializing in retail, industrial and office space in Austin. After graduating from The University of Texas McCombs School of Business with a Master of Business Administration and concentration in Real Estate Finance, Michael founded Charter Stone Capital (“CSC”). His firm currently manages over 30 properties in four states. CSC completed over $80MM of new acquisitions and over $40MM of dispositions in 2018 alone. Michael is also a commercial agent with Urbanspace Real Estate, closing $9MM in transactions in 2018.
Michael began his real estate career in high school managing multi-family units for his family’s investment firm in Colorado. While pursuing an Information Systems and Real Estate degree from The University of Colorado at Boulder, Michael transitioned into handling the firm’s financial operations. Upon graduating, Michael accepted a sales position with Sovereign Homes, a single-family and multi-family development company in Denver, and gained success as a top grossing sales agent, closing about 25 homes a year with volume of over $6MM annually.
In pursuit of his lifelong interest in commercial real estate, Michael returned to Boulder to work with Tebo Development Company as a Leasing and Project Specialist, negotiating over 125 office, retail and industrial leases and producing over $10MM in revenue. It was here he gained extensive knowledge modeling lease alternatives to determine impact on project level cash flows and analyzing return on investment.
Michael moved to Austin in 2007 to pursue his MBA at The University of Texas and landed the role of Project Development Manager at Inland Public Properties Development (“IPPD”), a subsidiary of the Inland Group, one of the nation’s largest commercial real estate and finance groups. There he headed up East Coast project development for the social infrastructure platform within Inland’s $9.5B equity fund. While at IPPD, Michael spearheaded the successful acquisition of a $61MM portfolio of seven charter schools and managed the design and development of a $100MM build-to-suit private correctional facility.
In pursuit of his lifelong interest in commercial real estate, Michael returned to Boulder to work with Tebo Development Company as a Leasing and Project Specialist, negotiating over 125 office, retail and industrial leases and producing over $10MM in revenue. It was here he gained extensive knowledge modeling lease alternatives to determine impact on project level cash flows and analyzing return on investment.
Michael moved to Austin in 2007 to pursue his MBA at The University of Texas and landed the role of Project Development Manager at Inland Public Properties Development (“IPPD”), a subsidiary of the Inland Group, one of the nation’s largest commercial real estate and finance groups. There he headed up East Coast project development for the social infrastructure platform within Inland’s $9.5B equity fund. While at IPPD, Michael spearheaded the successful acquisition of a $61MM portfolio of seven charter schools and managed the design and development of a $100MM build-to-suit private correctional facility.Armed with extensive commercial experience, Michael founded CSC in 2011. Together, Michael and his business partner are principals in and actively manage a portfolio of $130MM in assets comprised of 31 properties in Texas, Colorado, North Carolina and South Carolina with a focus on acquiring and developing educational facilities. Constantly combing the market for high return investment opportunities, they use a custom-built platform to intricately evaluate scenarios from every angle and present the most strategic options to their investor pool.
An active member of the industry, Michael is involved with Urban Land Institute and Real Estate Council of Austin and resides downtown with his wife Abigail.