AcquisitionsJul 13, 2026, 12:17 PM
Hines Global Income Trust Acquires $221M in US Properties
AI Summary
Hines Global Income Trust, Inc. announced the acquisition of two properties in the United States: 405 Colorado, an office tower in Austin, Texas, for approximately $151.0 million, and Wicker Park Commons, a grocery-anchored retail center in Chicago, Illinois, for approximately $70.0 million. The 405 Colorado property is 100% leased, while Wicker Park Commons is 95-99% leased. These acquisitions align with HGIT's strategy to build a diversified portfolio of stabilized assets, focusing on trophy office assets and necessity-based retail, reflecting confidence in the U.S. office recovery.
Key Highlights
- Hines Global Income Trust acquired 405 Colorado, an office property in Austin, Texas, for approximately $151.0 million.
- The 405 Colorado property is 205,803 square feet and is currently 100% leased.
- The company acquired Wicker Park Commons, a retail property in Chicago, Illinois, for approximately $70.0 million.
- Wicker Park Commons is 183,308 square feet and is currently 95% leased (99% leased per press release).
- The acquisitions align with HGIT's strategy to build a diversified portfolio of stabilized assets with durable income potential.
- HGIT is selectively buying U.S. office assets, focusing on fully leased trophy properties.
- The total contract purchase price for both properties is approximately $221.0 million.
- HGIT's portfolio has a gross asset value of approximately $6.4 billion as of May 2026.
Price Impact
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