AUSTIN, Texas — The Livestrong Foundation is selling its headquarters on East Sixth Street, with the hopes they will be able to reach more cancer patients.
According to our partners at the Austin American-Statesman, the property sold to Notely Ventures for $17 million – almost three times what Livestrong paid for the 30,000-square-foot building when they bought it for $5.8 million in 2008.
The foundation's CEO, Greg Lee, said they chose to sell so they could use the money to help the cancer community.
Lee told the Statesman, "We’re in the business of helping people with cancer, and this was just a natural way for us to do that."
Livestrong was founded in 1997 by cancer survivor and cyclist Lance Armstrong. It was originally named the Lance Armstrong Foundation.
For more on this story, visit the Statesman.
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