Hines Acquires Fully Leased 206,000 SQFT 405 Colorado Tower in Downtown Austin for $151MM as Brandywine Exits

Hines has emerged as the buyer of downtown Austin's 405 Colorado tower, paying Brandywine Realty Trust $151 million for a fully leased Class A property at a price that more than quadruples the average Austin office trade this year, in a deal that hands the Houston developer a trophy asset and moves the Philadelphia REIT […]