Millions of square feet of Austin office space may shift in reported mega-deal by Brandywine

One of the biggest deals in Austin real estate history could be unfolding behind the scenes — possibly affecting more than 2.7 million square feet.

Real Estate Alert, an insider real estate publication, reports that Brandywine Realty Trust (NYSE: BDN) and its Austin portfolio partner, DRA Advisors LLC, will sell five office properties in their joint venture to Starwood Capital Group, a Connecticut-based investment company.

Brandywine, the real estate investment trust headquartered in Pennsylvania and a big investor in Austin’s commercial market during the past five years, would also buy out New York-based DRA Advisors in the remaining properties held in partnership, according to the Sept. 27 Real Estate Alert report.

Click to read more at Austin Business Journal.