Global Law Firm Nabs Full-Floor Lease in Austin’s Newest Office Tower

[ad_1] The joint possession of the latest skyscraper within the downtown Austin, Texas, skyline not too long ago introduced reaching important milestones. Building of The Republic workplace tower at 401 W. Fourth St. has reached the forty eighth and ultimate flooring. The challenge is predicted to succeed in its full top of roughly 700 ft in January. On monitor to open in mid-2025, The Republic would be the tallest pure workplace constructing within the metropolis when the construction’s crown is positioned.

In the meantime, leasing on the property has reached 50% with the current addition of a brand new full-floor tenant: World legislation agency Pillsbury Winthrop Shaw Pittman LLP has signed a lease for 28,000 sq. ft of premier workplace area in downtown Austin and can occupy the whole thing of the thirty second flooring.

First opened in Austin in 2014, Pillsbury has grown to serve the wants of the growing know-how market within the state. The agency additionally serves purchasers in power and pure sources; monetary; life sciences and digital well being; actual property and development; and different dynamic industries. This not too long ago signed lease marks the agency’s persevering with growth in Texas and comes on the heels of a current transfer to a brand new area in Houston.

“We’re excited to relocate into The Republic, which gives a major location, top-line facilities, and an total extra fashionable atmosphere that higher aligns with our refined purchasers,” stated Ed Cavazos, Pillsbury’s Austin workplace managing associate. “This transfer displays our dedication to Austin, our folks right here and the numerous thrilling tech corporations that decision this metropolis dwelling.”

The tower’s proprietor is a partnership between full-service actual property agency Lincoln Property Firm, Dallas-based actual property firm Phoenix Property Co., and San Francisco-based actual property funding agency DivcoWest.

“{Many professional} providers corporations view their workspace as key to attracting and retaining prime expertise,” stated Lincoln Govt Vice President, Seth Johnston. “The Republic is a next-generation workplace constructing providing facilities at a scale and stage of high quality that’s in contrast to the rest in Austin right this moment.”

Designed by Duda Paine Architects, the tower will provide sweeping views of Woman Chicken Lake and a direct connection to the constructing’s historic namesake, Republic Sq. Park. Along with being the one constructing that opens to a full block of park area within the Central Enterprise District, each workplace flooring of The Republic will embody a non-public terrace. The challenge additionally options almost 17,000 sq. ft of ground-floor retail area, together with three restaurant areas and a 20,000-square-foot public plaza with an outside bar. Moreover, the amenity area slated to occupy the whole thing of the nineteenth flooring consists of convention rooms; a health middle and spin room; a membership room with a lounge and bar; and a 25,000-square-foot, landscaped terrace coated by architectural shade canopies.

Facilities targeted on the well being and wellness of tenants and friends embody touchless entry know-how, enhanced air-filtration methods, and the pursuit of WELL Well being-Security Ranking and LEED Gold Certification.

Trying to lease workplace area in Austin or different vibrant markets within the area? Go to the CommercialCafe.com homepage to begin your search.

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Final modified: December 5, 2024

Earlier Story:What Are the High U.S. Cities for Workplace Conversion? In regards to the Writer / Ioana Ginsac Ioana Gînsac is a artistic author protecting all-things-CRE for a number of Yardi product publications. Subjects embody business information, U.S. workplace and industrial market studies, in addition to options on growth, structure, urbanism, proptech, design, and extra. Her work has appeared in AmericanInno, Bisnow, BusinessInsider, Industrial Property Govt, Curbed, Quick Firm, Forbes, GlobeSt, Inc, Patch, The Actual Deal.