NEWS
Brandywine Realty Trust Completes Sale of One and Two Barton Skyway in Austin, TX Yielding Net Proceeds in Excess of $100 Million
Brandywine Realty Trust (NYSE: BDN)has completed the sale of One and Two Barton Skyway in Southwest Austin to the City of Austin for $107.6 million, or $275 per square foot. The 386,000-square-foot facility will be used as a consolidated public safety headquarters. The company retains ownership of Four Barton Skyway, which is 94% leased. This transaction aligns with Brandywine's capital recycling and portfolio management strategy, while maintaining its commitment to Austin through developments like 405 Colorado and the 66-acre Uptown ATX master-planned project.
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