Oct 5, 2017
5th+Colorado=$663 per sf
AUSTIN – The downtown Austin office tower dubbed “5th+Colorado” has sold for a stunning $663 per sf—a total of nearly $119 million, according to Real Capital Analytics.The buyer was Intercontinental...
AUSTIN – The downtown Austin office tower dubbed “5th+Colorado” has sold for a stunning $663 per sf—a total of nearly $119 million, according to Real Capital Analytics.
The buyer was Intercontinental Real Estate, a company that owns other office assets in Austin.
The seller was a joint venture of Goldman Sachs and Lincoln Property Co.
Lincoln Property developed the 18-story 5th+Colorado office tower at 201 W. Fifth St., completing it in 2016 and quickly filling it up with an intriguing mixed of tenants ranging from PlainsCapital Bank to Industrious, the national co-working chain.
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