{"id":1004805223,"date":"2026-07-14T05:00:44","date_gmt":"2026-07-14T13:00:44","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004805223"},"modified":"2026-07-14T05:03:08","modified_gmt":"2026-07-14T13:03:08","slug":"hines-pays-151m-for-austin-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hines-pays-151m-for-austin-asset\/","title":{"rendered":"Hines Pays $151M for Austin Asset"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a57ae6652bd2&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"991\" height=\"743\" data-attachment-id=\"1004805224\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hines-pays-151m-for-austin-asset\/405-colorado_exterior_aerial_highres\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/07\/405-Colorado_Exterior_Aerial_Highres.jpg\" data-orig-size=\"991,743\" 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;0&quot;}\" data-image-title=\"405-Colorado_Exterior_Aerial_Highres\" data-image-description=\"&lt;p&gt;Image obtained from Hines&#8217; press release here:  https:\/\/www.hines.com\/news\/hines-global-income-trust-backs-trophy-office-recovery-with-austin-acquisition&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The property\u2019s sky lounge is on top of its 520-space, above-ground parking garage. Image courtesy of Hines &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/07\/405-Colorado_Exterior_Aerial_Highres.jpg?w=991\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/07\/405-Colorado_Exterior_Aerial_Highres.jpg\" alt=\"Exterior aerial shot of 405 Colorado, an office building in Austin's central business district.\" class=\"wp-image-1004805224\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/07\/405-Colorado_Exterior_Aerial_Highres.jpg 991w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/07\/405-Colorado_Exterior_Aerial_Highres.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/07\/405-Colorado_Exterior_Aerial_Highres.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 991px) 100vw, 991px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">The property\u2019s sky lounge is atop its 520-space, above-ground parking garage.<em> Image courtesy of Hines <\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Hines has started investing in the U.S. office market once again. The company purchased 405 Colorado, a 206,000-square-foot Class AA trophy property in downtown Austin, Texas. Brandywine Realty Trust sold the asset for $151 million, according to Yardi Matrix.<\/p>\n\n\n\n<p>The 25-story tower came online in 2021 and, two years later, reached a 100 percent occupancy rate. In 2023, Barclays also issued a $62.7 million CMBS loan, the data provider shows.<\/p>\n\n\n\n<p>The building features a tenant base including JP Morgan, Bain &amp; Co. and AllianceBernstein, as well as Cushman &amp; Wakefield and the parent company of Snapchat, Snap Inc.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/boma-special-report-cres-recovery-is-here\/\" data-type=\"link\" data-id=\"https:\/\/www.commercialsearch.com\/news\/boma-special-report-cres-recovery-is-here\/\">CRE\u2019s Recovery Is Here<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The high-rise has floorplates ranging between 17,238 and 19,087 square feet. Its amenity package comprises a sky lounge with conference rooms on the 14th floor, as well as a caf\u00e9 and terrace, among others.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-office-revival-lures-hines-back\">The office revival lures Hines back<\/h2>\n\n\n\n<p>This deal aligns with Hines\u2019 beliefs that the office sector is currently undergoing recovery with demand clustered in fully leased trophy properties, according to a company statement. The company&#8217;s investment strategy in the market derives from its convictions, selectively seeking assets with strong tenants and highly visible income.<\/p>\n\n\n\n<p>Current <a href=\"https:\/\/www.commercialsearch.com\/news\/office-industry-trends\/\" data-type=\"link\" data-id=\"https:\/\/www.commercialsearch.com\/news\/office-industry-trends\/\">office building trends<\/a> are driving the recovery, particularly growing demand. The sector registered 7 million square feet of net absorption in the trailing 12 months through March 2026, according to Hines research. That included three consecutive quarters of positive figures, marking the best showing since the pandemic.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-downtown-austin-s-deals-extend-beyond-trophy-assets\">Downtown Austin&#8217;s deals extend beyond trophy assets<\/h2>\n\n\n\n<p>Austin\u2019s office investment volume stood at $543 million year-to-date through May, with assets changing hands for $162 per square foot, according to a <a href=\"https:\/\/www.commercialsearch.com\/news\/falling-office-vacancy-contrasts-with-rising-distress\/\" data-type=\"link\" data-id=\"https:\/\/www.commercialsearch.com\/news\/falling-office-vacancy-contrasts-with-rising-distress\/\">Yardi Matrix report<\/a>. Hines paid $733.7 per square foot for 405 Colorado, a figure that more than quadrupled the market average logged earlier this year.<\/p>\n\n\n\n<p>The metro\u2019s central business district showcased sustained demand with other deals closing this year. In May, DRA Advisors sold 823 Congress, a 16-story tower within walking distance of 405 Colorado. The new owner, a local Austin company dubbed Brick Row, plans to renovate the 1970-built property, the <em>Austin Business Journal<\/em> reported.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 25-story tower debuted in 2021.<\/p>\n","protected":false},"author":3471,"featured_media":1004805224,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21783,21742,21747,51973],"tags":[34672,32797],"class_list":["post-1004805223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-investment","category-latest","category-office","category-southwest","tag-brandywine-realty-trust","tag-hines"],"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>Hines Pays $151M for Austin Asset - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Hines paid $151 million for 405 Colorado, a trophy office asset in downtown Austin, Texas, from Brandywine Realty Trust.\" \/>\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\/hines-pays-151m-for-austin-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hines Pays $151M for Austin Asset\" \/>\n<meta property=\"og:description\" content=\"Hines paid $151 million for 405 Colorado, a trophy office asset in downtown Austin, Texas, from Brandywine Realty Trust.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hines-pays-151m-for-austin-asset\/\" \/>\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=\"2026-07-14T13:00:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-07-14T13:03:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/07\/405-Colorado_Exterior_Aerial_Highres.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"991\" \/>\n\t<meta property=\"og:image:height\" content=\"743\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Claudiu Tiganescu\" \/>\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\\\/hines-pays-151m-for-austin-asset\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-pays-151m-for-austin-asset\\\/\"},\"author\":{\"name\":\"Claudiu Tiganescu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/cbed638584257d6fb5a2a9c95c982b66\"},\"headline\":\"Hines Pays $151M for Austin Asset\",\"datePublished\":\"2026-07-14T13:00:44+00:00\",\"dateModified\":\"2026-07-14T13:03:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-pays-151m-for-austin-asset\\\/\"},\"wordCount\":357,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-pays-151m-for-austin-asset\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2026\\\/07\\\/405-Colorado_Exterior_Aerial_Highres.jpg\",\"keywords\":[\"Brandywine Realty Trust\",\"Hines\"],\"articleSection\":[\"Austin\",\"Investment\",\"News\",\"Office\",\"Southwest\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-pays-151m-for-austin-asset\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-pays-151m-for-austin-asset\\\/\",\"name\":\"Hines Pays $151M for Austin Asset - 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