AUSTIN – A Goldman Sachs partnership is seeking to sell a downtown Austin building for $670 per SF, which would be a record-setting price for office deals in the capital city, reports Real Estate Alert.
The new 18-story building, called 5th + Colorado, was completed last year by Goldman Sachs and Lincoln Property Co. The 179,000-SF tower is 95 percent leased. Eastdil Secured is marketing the building, which is expected to sell for $120 million.
Austin’s record per square-foot price is $624, established in 2015 when Stream Realty sold the 501 Congress building for $76.8 million.
March 8, 2017 Realty News Report Copyright 2017
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FYI – HKS was the design architect for the project. This is a good example of how Architects create tangible value through design. Please consider crediting the Architects for the projects that are mentioned in your newsletters.
We do, if we have the info available