Austin Office Tower Trades for $151M

Brandywine Realty Trust sold downtown Austin’s 405 Colorado tower for $151 million. Chris Price at Partners was quoted in LinkedIn saying the buyer was Hines and that the 25-story tower is 100% leased. At its annual meeting, Brandywine’s CEO said the company was looking to divest between $250 million and $300 million in assets. Completed in 2021,...