{"id":1004189298,"date":"2017-09-01T05:19:32","date_gmt":"2017-09-01T13:19:32","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004189298"},"modified":"2022-12-09T00:19:59","modified_gmt":"2022-12-09T08:19:59","slug":"intercontinental-snaps-up-austins-5th-colorado","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/intercontinental-snaps-up-austins-5th-colorado\/","title":{"rendered":"Intercontinental Snaps Up Austin\u2019s 5th &amp; Colorado"},"content":{"rendered":"<p>By Timea Papp<\/p>\n<div id=\"attachment_1004189310\" style=\"width: 280px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/5th-and-Colorado-Outside.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004189310\" data-attachment-id=\"1004189310\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/intercontinental-snaps-up-austins-5th-colorado\/5th-and-colorado-outside\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/5th-and-Colorado-Outside.jpg\" data-orig-size=\"700,778\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"5th-and-Colorado-Outside\" data-image-description=\"&lt;p&gt;5th &#038; Colorado&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;5th &#038; Colorado&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/5th-and-Colorado-Outside.jpg?w=700\" class=\"wp-image-1004189310 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/5th-and-Colorado-Outside.jpg\" alt=\"5th &amp; Colorado\" width=\"270\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/5th-and-Colorado-Outside.jpg 700w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/5th-and-Colorado-Outside.jpg?resize=270,300 270w\" sizes=\"auto, (max-width: 270px) 100vw, 270px\" \/><\/a><p id=\"caption-attachment-1004189310\" class=\"wp-caption-text\">5th &amp; Colorado<\/p><\/div>\n<p>Intercontinental Real Estate Corp. has completed the purchase of 5th\u00a0&amp; Colorado, a newly constructed Class A+ office tower in downtown Austin. The Boston-based real estate investments company\u2019s most recent acquisition is in the southwest quadrant of Austin\u2019s central business district, where much of the city\u2019s construction activity is taking place.<\/p>\n<p>Located at 201 W. 5th\u00a0St., the 18-story glass and metal building was completed in 2016 and comprises nine floors of office space above eight levels of structured parking, as well as a ground floor lobby containing 5,822 square feet of retail space. 5th\u00a0&amp; Colorado features on-site management, interactive digital lobby screens, a fitness center with showers and locker rooms, on-site security and 447 parking spaces. The property\u2019s tenant profile includes finance, technology, energy and co-working firms.<\/p>\n<h2>Prominent location<\/h2>\n<p>Developed by Lincoln Property Co., the LEED-certified asset is close\u00a0to the CBD\u2019s Warehouse District and to a varied amenity base including nearby restaurants, shops, hotels and a wide range of entertainment venues. 5th\u00a0&amp; Colorado offers direct ingress and egress from Texas State Highway Loop 1 and Interstate 35 and is well-connected to major north\/south and east\/west city arterial roads.<\/p>\n<p><em>\u201cThe acquisition of the 5th &amp; Colorado office tower provides Intercontinental and our investors with yet another great opportunity in the Austin, Texas market. This investment aligns perfectly with our strategy to target <a href=\"https:\/\/www.commercialsearch.com\/news\/big-d-office-tower-attracts-new-owners\/\">core investments<\/a> in a highly dynamic market,\u201d<\/em> said Peter Palandjian, chairman &amp; CEO of Intercontinental, in prepared remarks.<\/p>\n<p><em>Image courtesy of Intercontinental Real Estate Corp.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 18-story metal and glass office tower was completed in 2016 and offers tenants a wide amenity base, as well as access to the city\u2019s Warehouse District.<\/p>\n","protected":false},"author":240,"featured_media":1004189310,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21743,21783,21742,21747],"tags":[32962,32779,32838],"class_list":["post-1004189298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-deals","category-investment","category-latest","category-office","tag-intercontinental-real-estate-corporation","tag-leed","tag-lincoln-property-company"],"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>Intercontinental Snaps Up Austin\u2019s 5th &amp; 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