Historic Office Building in Austin’s CBD Set to Undergo
Renovations to Bring It Roaring into 21st Century
The Austin office of Cushman & Wakefield scored a substantial win with the assignment of leasing and property management responsibilities for 814 San Jacinto in downtown Austin. This historic, mid-century building has been a mainstay in the Austin office market for more than 50 years.
The office building was first constructed in 1965 by First City Bank on land owned by family patriarch, John B. Pearson Jr., a two-time Olympic gymnast (1924 & 1928) and U.S. Navy admiral. It was then sold to Pearson’s son, Dr. John B. Pearson III in 1994. Since then it’s been the home to numerous businesses and non-profits. Asked why now was the right time to reassign leasing and management responsibilities, family spokesperson, Rachel Pearson, said, “This unique property has been in the family for three generations and we truly value our tenants and the important role it plays in Austin’s downtown office market. We want to bring it up to the high standards expected in a competitive CBD landscape and feel now is the perfect time to choose a new company to completely revamp our leasing and management efforts.”
In addition to leasing and property management, Cushman & Wakefield will be assisting the Pearson Family as they undergo renovations and rebranding of the 32,000 SF, four-story building. Renovations being considered include common areas such as the lobby, interior corridors, basement and elevators; along with some office suites and the exterior. Because of its proximity to the Capitol, new Dell Medical Center and several high-tech incubators, and featuring an attached garage that’s able to accommodate higher density tenants, 814 San Jacinto is appealing to companies and organizations of various sizes and industries. The improvements are expected to make the building even more attractive to those interested in the amenities that come with being in the heart of downtown and need flexibility on competitive rates and terms.
When asked about the selection process, Pearson elaborated, “We chose to work with C&W because they’re the total package: team experience, vision, and most of all, excellent communications. They are exactly what we want from our management and leasing team.” The C&W team will consist of Mark Greiner and Melissa Totten leading the leasing efforts, and Paul Noetzel heading up the property management team. “We look forward to working with the Pearson family to enhance this important building and deliver greater service to the tenants and the Pearson Family,” Greiner said. “Based on the strength of the CBD market, we believe this is the best time to begin these major improvements while refocusing on delivering and outstanding tenant experience,” he continued.
Noetzel elaborated that tenants will receive more frequent and consistent visits from the new property manager and building engineer. “Our goal is to substantially increase service levels and response rates,” he said. “That’s a pledge backed by Cushman & Wakefield—a company with worldwide resources and proven experience. I’m so excited to be leading the team that will deliver professionally managed services with a precise focus on existing and new tenant satisfaction,” Noetzel concluded.
Studio8 Architects, one of Austin’s leading and most innovative firms, has been selected to redesign the building. Pearson said it was the reputation and experience of the agency’s principals which aided in the selection process. “We’re excited to work with Studio8,” she said. “We were incredibly impressed with their enthusiasm, expertise and creative ideas for our beloved 814 San Jacinto.” When completed, the building will be a modern, refreshed office tower with its mid-century details preserved and accented.
St. Clair Commercial Real Estate (SCCR) has been selected to provide asset management assistance with the refurbishment and repositioning of the property. “814 San Jacinto is a truly unique asset in downtown Austin,” said Greg St. Clair, principal, SCCR. “We will be working with a great team to create a renovation plan that will modernize the entries, reposition a former motor bank and under-utilized basement space, and deliver functional offices that will fill a much-needed niche for small to medium sized users looking for flexibility,” he concluded.
For more information on leasing 814 San Jacinto, please contact Melissa Totten or Mark Greiner at 512-474-2400.