Building that houses Yeti flagship store listed for sale


The building that houses Yeti’s Austin flagship store is for sale.

HFF has been retained to market the property at 220 S. Congress Ave., calling the offering “a rare mixed-use investment opportunity.”

The building, at the foot of the Ann W. Richards Congress Avenue Bridge and just south of Lady Bird Lake, was originally constructed in the 1930s and extensively renovated in 2016. It is fully leased to Yeti Coolers, Hossley Lighting Associates and Boulder, Colo.-based Techstars, a venture capital and startup accelerator which recently snagged the last space in the building.

HFF says that the property, with its location near downtown, the prime South Congress Avenue retail corridor and other future development planned along Lady Bird Lake’s southern shores, sits in an area that ”is poised for extraordinarily robust growth” and “is positioned to command outsized rent premiums which have yet to be realized. ”

The building is owned by Austin-based Cielo Property Group.

“Cielo has done an incredible job to transform this largely inhabitable building for many years and turned it into a destination for tourists,” said Jason Steinberg, brokerage principal in Austin with ECR, which handled leasing for the building. “We had a significant amount of interest for the last available space and the inquiries ranged from office tenants to restaurants and health clubs.”



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