823 Congress Avenue
Austin, Texas -- T. Stacy & Associates, who has been involved with some of Austin’s most iconic buildings, announced that it will reconfigure street-level space in its headquarters building at 823 Congress Avenue to a size and quality sufficient to attract a major retailer and that it has begun an aggressive search to find the “perfect tenant.”
Company president Tom Stacy said he hoped to have the space leased by 2012. “The timing is perfect given the renaissance of retail in the central business district,” Stacy said. “It is by far the largest retail space available downtown. The fact that it is on the corner of 9th and Congress, two blocks from the state Capitol, and that it has ample parking is a tremendous asset.”
The 17,000-sq.-ft. space is being vacated by the Austin Museum of Art, which announced that it was moving out of downtown and consolidating its space at the Laguna Gloria property it has owned for decades.
Craig Sorrels, owner of CSWG, will lead the T. Stacy team in leasing the space to what he calls “the perfect tenant.” Sorrels has represented such retailers as Ann Taylor, Brooks Bros., Dana Buchman and Baccarat. He has also served a stint as senior VP for real estate development and business strategy for the Walt Disney Co., during which time he helped develop the Disney Stores Worldwide, opening stores in the U.S., England, Germany and Tokyo.
Sorrels has worked closely with the Downtown Austin Alliance for the last three years and will continue to do so; the DAA is leading an effort to revitalize and redevelop Congress Avenue.