Austin's Sail Tower to be purchased for $522M
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AUSTIN (Austin Business Journal) — Cousins Properties is purchasing downtown Austin’s Sail Tower for $521.8 million.
Cousins announced Dec. 10 it is under contract to purchase the property later this month. The building is owned by Trammell Crow Company, which also developed it, a Trammell Crow representative confirmed.
Google leases the entirety of the 804,000-square-foot property on the shore of Lady Bird Lake.