{"id":371532,"date":"2026-07-13T20:12:10","date_gmt":"2026-07-13T20:12:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/371532\/"},"modified":"2026-07-13T20:12:10","modified_gmt":"2026-07-13T20:12:10","slug":"houston-based-hines-snags-405-colorado-for-733-per-sf","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/371532\/","title":{"rendered":"Houston-Based Hines Snags 405 Colorado for $733 per sf"},"content":{"rendered":"

Brandywine Realty Trust sold 405 Colorado Street in Downtown Austin for $151 million.\u00a0<\/p>\n

Jerry Sweeney, Brandywine\u2019s CEO, discussed how the company was looking to offload somewhere between $250 million and $300 million of its portfolio earlier this year, according to the Austin Business Journal<\/a>. Earlier this year, the building was billed as 100 percent leased. Houston-based Hines announced that its real estate assets investment arm, Hines Global Income Trust<\/a>, purchased the building in a statement published Monday. The sale price was disclosed in a Securities and Exchange Commission filing.\u00a0<\/p>\n

The Class-AA office property was completed<\/a> in 2021, and features 206,000 square feet of office space across 25 stories. Hines paid around $733 per square foot for the building. Tenants at the building include JP Morgan Chase, Bain & Company and AllianceBernstein. Hines Global reports that as of May 2026, it controlled $6.4 billion in gross asset value. The statement from Hines is explicit in their reasoning for acquiring the property: Alfonso Mark, Hines\u2019 global co-head of investment management said in the statement that the company believes that fully leased trophy office<\/a> buildings are driving recovery in the United States\u2019 office market.<\/p>\n

Philadelphia-based Brandywine will still maintain a notable presence in Austin. The Uptown ATX<\/a> development close to Austin\u2019s second downtown, The Domain, is still receiving a $31 million facelift that\u2019s expected to complete by the end of 2027. Last year, Brandywine stole headlines<\/a> by snagging Nvidia as a tenant. The six-story, 172,000-square-foot building is getting a shiny new lobby to go with other new amenities. Last year, Brandywine sold Quarry Lake II and Four Barton Skyway, according to the outlet. Quarry Lake II\u2019s 120,600 square feet of office space went to Brick Row Holdings, and Four Barton Skyway went to an unknown buyer.\u00a0<\/p>\n

In the same announcement, Hines confirmed that it had also purchased Wicker Park Commons in Chicago.\u00a0<\/p>\n

\u2014 Hunter Cooke<\/p>\n

\tRead more
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Nvidia takes the cake for Austin\u2019s biggest office lease of 2025<\/p>\n

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Life after IBM: Brandywine tees up $31M in renovations for 66-acre Austin office campus<\/p>\n

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Private capital giant Apollo selects Austin as second HQ<\/p>\n

\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Brandywine Realty Trust sold 405 Colorado Street in Downtown Austin for $151 million.\u00a0 Jerry Sweeney, Brandywine\u2019s CEO, discussed…\n","protected":false},"author":2,"featured_media":371533,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[132,134,133,20307],"class_list":["post-371532","post","type-post","status-publish","format-standard","has-post-thumbnail","category-austin","tag-austin","tag-austin-headlines","tag-austin-news","tag-hines"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/371532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=371532"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/371532\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/371533"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=371532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=371532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=371532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}