{"id":1004080536,"date":"2013-07-19T15:40:39","date_gmt":"2013-07-19T23:40:39","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=149389"},"modified":"2020-05-18T17:16:09","modified_gmt":"2020-05-19T01:16:09","slug":"brandywine-realty-trust-shares-austin-office-portfolio-with-dra-advisors-llc","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/brandywine-realty-trust-shares-austin-office-portfolio-with-dra-advisors-llc\/","title":{"rendered":"Brandywine Realty Trust Shares Austin Office Portfolio with DRA Advisors LLC"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Anca Gagiuc, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify;\">An atypical marketing proposal pitched by Brandywine Realty Trust a few months back has been met with enthusiasm by DRA Advisors LLC. The offer proposed shared ownership of the 1.4 million-square-foot office portfolio in Austin.<\/p>\n<p style=\"text-align: justify;\">This type of deal is quite unique for Austin, but it\u2019s not uncommon in tier markets like New York, Los Angeles or Chicago. It proved to be successful as DRA Advisors LLC has been chosen to take 50 percent of the Austin office portfolio, reported the trade publication Real Estate Alert. The announced price for the transaction is around $165 million, but no closing date has been announced. <a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/07\/Brandywine-Austin.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-149390\" title=\"Brandywine Austin\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/07\/Brandywine-Austin.jpg\" alt=\"\" width=\"300\" height=\"191\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">Included in the deal are Class A office buildings in Southwest suburban Austin, not far from executive housing, close to the Central Business District and boasting superior asset quality. These are the Park on Barton Creek at 3700 and 3711 S MoPac Expressway, the Barton Skyway complex at 1221-1601 S. MoPac Expressway, 7000 W. William Cannon Drive, 7000 West at Lantana, and Cielo Center at 1250 Capital of Texas Highway.<\/p>\n<p style=\"text-align: justify;\">The brokerage representing Brandywine is Eastdil Secured. This corporate advisory firm has been on the market since 1967 and has completed over $590 billion in transactions since 2006. The organization has 13 offices, but none in Austin.<\/p>\n<p style=\"text-align: justify;\">Brandywine Realty Trust is a publicly traded company listed on the New York Stock Exchange with a $6 billion market capitalization. Their properties aggregate 40 million square feet in California, Delaware, Maryland, Metro DC, New Jersey, Pennsylvania, Texas, and Virginia.<\/p>\n<p style=\"text-align: justify;\">DRA Advisors LLC is specialized in real estate investment and management services for institutional and private investors. Currently it holds over $10.5 billion in assets under management and has acquired over 1,000 properties valued at over $20 billion.<\/p>\n<p style=\"text-align: justify;\"><em>Photo courtesy of <a href=\"https:\/\/www.brandywinerealty.com\/\" rel=\"nofollow\" >Brandywine Realty Trust<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The less common marketing proposal placed by Brandywine Realty Trust a few months back has found its answer. The offer consisted of the intention to share ownership of the 1.4 million-square-foot office portfolio in Austin.<\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21742],"tags":[39411,1815],"class_list":["post-1004080536","post","type-post","status-publish","format-standard","hentry","category-austin","category-latest","tag-austin","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Brandywine Realty Trust Shares Austin Office Portfolio with DRA Advisors LLC - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/brandywine-realty-trust-shares-austin-office-portfolio-with-dra-advisors-llc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brandywine Realty Trust Shares Austin Office Portfolio with DRA Advisors LLC\" \/>\n<meta property=\"og:description\" content=\"The less common marketing proposal placed by Brandywine Realty Trust a few months back has found its answer. The offer consisted of the intention to share ownership of the 1.4 million-square-foot office portfolio in Austin.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/brandywine-realty-trust-shares-austin-office-portfolio-with-dra-advisors-llc\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-07-19T23:40:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-19T01:16:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/07\/Brandywine-Austin.jpg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/brandywine-realty-trust-shares-austin-office-portfolio-with-dra-advisors-llc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/brandywine-realty-trust-shares-austin-office-portfolio-with-dra-advisors-llc\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"Brandywine Realty Trust Shares Austin Office Portfolio with DRA Advisors LLC\",\"datePublished\":\"2013-07-19T23:40:39+00:00\",\"dateModified\":\"2020-05-19T01:16:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/brandywine-realty-trust-shares-austin-office-portfolio-with-dra-advisors-llc\\\/\"},\"wordCount\":294,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/brandywine-realty-trust-shares-austin-office-portfolio-with-dra-advisors-llc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/07\\\/Brandywine-Austin.jpg\",\"keywords\":[\"Austin\",\"National\"],\"articleSection\":[\"Austin\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/brandywine-realty-trust-shares-austin-office-portfolio-with-dra-advisors-llc\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/brandywine-realty-trust-shares-austin-office-portfolio-with-dra-advisors-llc\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/brandywine-realty-trust-shares-austin-office-portfolio-with-dra-advisors-llc\\\/\",\"name\":\"Brandywine Realty Trust Shares Austin Office Portfolio with DRA Advisors LLC - 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