St. Elmo Gateway

St. Elmo Gateway is a 3.65-acre infill asset at the gateway to the St. Elmo District, fully leased at acquisition and successfully exited in 2021.

The project consisted of two buildings totaling 47,500 square feet and occupied by Caliber Collision and Austin Community College under long-term leases. Its location at the entrance to the St. Elmo District provided strong visibility, immediate access to East Ben White Boulevard, and favorable as-of-right height allowances for future redevelopment. PlaceMKR exited the asset in 2021 following strong investor demand for well-located infill sites with stable cash flow and strategic optionality.