City Of Austin Acquires One And Two Barton Skyway Office Property From Jerry Sweeney For $107.6M

The property asset involved in this transaction consists of 1501 & 1601 South Mopac Expressway in Austin, covering 35 acres. The sale price for the office property was $107,600,000, translating to a price per square foot of $279 for a total square footage of 386,000.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $107,600,000
• Sale Price per Square Foot: $279
• Total Square Feet: 386,000
• Address: 1501 & 1601 South Mopac Expressway
• Market: Austin
• Seller: Jerry Sweeney - Brandywine Realty Trust

Brandywine Realty Trust sold One and Two Barton Skyway in Southwest Austin to the City of Austin, which will utilize the property as a consolidated public safety headquarters. Brandywine retains ownership of Four Barton Skyway, which is currently 94% leased.