Nov 3, 2017
Mega-deal closes in Austin
Brandywine sold five Austin office properties totaling 1,164,500 sf for $333.3 million on Oct. 18, 2017.
The individual properties weren’t identified but the square footage matches up with what was previously reported:
- Encino Trace, 5707 Southwest Pkwy., 319,743 sf across two buildings;
- Cielo Center, 1250 S. Capital of Texas Hwy., 270,711;
- Crossings at Lakeline, 11001 Lakeline Blvd., 232,772 sf across two buildings;
- Park on Barton Creek, 3711 S. MoPac Expressway, 205,195 sf across two buildings; and
- 7000 West at Lantana, 7000 W. William Cannon Dr., 136,075 sf.
Brandywine has also signed a lease to build a 165,000-sf building at its Four Points development in far Northwest Austin.
The $48 million project is expected to deliver first quarter 2019.
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