Hines Acquires Office Tower At 405 Colorado Street In Austin For $151 Million

The property asset involved in the transaction is a fully leased office tower located at 405 Colorado Street in Austin, TX. The sale was completed for a total of $151,000,000, encompassing 206,000 square feet of office space, resulting in a price per square foot of $733.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $151,000,000
• Square Footage: 206,000
• Price per Square Foot: $733
• Buyer: Jeffrey C. Hines, Laura Hines-Pierce & Alfonso Munk - Hines
• Seller: Gerard H. Sweeney - Brandywine Realty Trust
• Date of Transaction: 07/13/2026
• Market: Austin, TX

Jeffrey C. Hines, Laura Hines-Pierce, and Alfonso Munk, representing Hines, acquired the office tower from Gerard H. Sweeney, who represented Brandywine Realty Trust. This acquisition strategy focuses on fully leased trophy office assets, aligning with institutional investors' growing interest in high-quality office properties.