Austin, TX
Global Law Firm Nabs Full-Floor Lease in Austin’s Newest Office Tower
The joint ownership of the newest skyscraper in the downtown Austin, Texas, skyline recently announced reaching significant milestones. Construction of The Republic office tower at 401 W. Fourth St. has reached the 48th and final floor. The project is expected to reach its full height of roughly 700 feet in January. On track to open in mid-2025, The Republic will be the tallest pure office building in the city when the structure’s crown is placed.
Meanwhile, leasing at the property has reached 50% with the recent addition of a new full-floor tenant: Global law firm Pillsbury Winthrop Shaw Pittman LLP has signed a lease for 28,000 square feet of premier office space in downtown Austin and will occupy the entirety of the 32nd floor.
First opened in Austin in 2014, Pillsbury has grown to serve the needs of the increasing technology market in the state. The firm also serves clients in energy and natural resources; financial; life sciences and digital health; real estate and construction; and other dynamic industries. This recently signed lease marks the firm’s continuing expansion in Texas and comes on the heels of a recent move to a new space in Houston.
“We’re excited to relocate into The Republic, which offers a prime location, top-line amenities, and an overall more modern environment that better aligns with our sophisticated clients,” said Ed Cavazos, Pillsbury’s Austin office managing partner. “This move reflects our commitment to Austin, our people here and the many exciting tech companies that call this city home.”
The tower’s owner is a partnership between full-service real estate firm Lincoln Property Company, Dallas-based real estate company Phoenix Property Co., and San Francisco-based real estate investment firm DivcoWest.
“Many professional services companies view their workspace as key to attracting and retaining top talent,” said Lincoln Executive Vice President, Seth Johnston. “The Republic is a next-generation office building offering amenities at a scale and level of quality that’s unlike anything else in Austin today.”
Designed by Duda Paine Architects, the tower will offer sweeping views of Lady Bird Lake and a direct connection to the building’s historic namesake, Republic Square Park. In addition to being the only building that opens to a full block of park space in the Central Business District, every office floor of The Republic will include a private terrace. The project also features nearly 17,000 square feet of ground-floor retail space, including three restaurant spaces and a 20,000-square-foot public plaza with an outdoor bar. Furthermore, the amenity space slated to occupy the entirety of the 19th floor includes conference rooms; a fitness center and spin room; a club room with a lounge and bar; and a 25,000-square-foot, landscaped terrace covered by architectural shade canopies.
Amenities focused on the health and wellness of tenants and guests include touchless access technology, enhanced air-filtration systems, and the pursuit of WELL Health-Safety Rating and LEED Gold Certification.
Looking to rent office space in Austin or other vibrant markets in the region? Visit the CommercialCafe.com homepage to start your search.
Last modified: December 5, 2024
About the Author / Ioana Ginsac
Ioana Gînsac is a creative writer covering all-things-CRE for several Yardi product publications. Topics include industry news, U.S. office and industrial market reports, as well as features on development, architecture, urbanism, proptech, design, and more. Her work has appeared in AmericanInno, Bisnow, BusinessInsider, Commercial Property Executive, Curbed, Fast Company, Forbes, GlobeSt, Inc, Patch, The Real Deal.
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The report assessed pavement conditions, fatalities, deficient bridges, infrastructure costs and congestion levels across the United States. Texas earned the following rankings:
- 33rd in urban interstate pavement conditions
- 21st in rural interstate pavement conditions
- 39th in urban arterial pavement conditions
- 12th in rural arterial pavement conditions
- 3rd in structurally deficient bridges
- 26th in urban fatality rate
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“More than 42,000 of the nation’s 618,923 highway bridges, nearly 7%, are still structurally deficient. Arizona, Nevada, and Texas reported the lowest percentages of deficient bridges,” the report said.
The full report can be found online.
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A few of the storms dropped rain and up to pea-sized hail in San Marcos, Dripping Springs and the Austin metro area.
A Severe Thunderstorm Warning was issued for Williamson County around 8:15 p.m., and then canceled shortly after. However, it was enough for the Two Step Inn music festival in Georgetown to cancel shows for the rest of the evening. Event organizers say the festival will run as planned Sunday.
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AUSTIN (KXAN) — Governor Greg Abbott and the Texas Society Sons of the American Revolution unveiled a new monument at the Texas State Cemetery on Saturday, dedicated to Texas Revolutionary War soldiers.
“We must educate every generation about why it is that America grew from a tenuous 13 colonies into the most powerful country in the history of the world,” said Governor Abbott. “This monument here is an enduring testament to the heroes who fought for the freedom that is unique to America.”
The monument was dedicated to 69 soldiers who fought in the American Revolutionary War and later settled in Texas, according to a press release.
Among those that were honored, Abbott recognized:
- José Santiago Seguín, grandfather of Texas Revolutionary hero Juan Seguín.
- Peter Sides, who fought in the 2nd Battalion of the North Carolina Regiment of the Colonial Army, and was later killed in the 1813 Battle of Medina, fighting for Mexican independence against Spain.
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At the monument unveiling, Abbott was also inducted into the Sons of the American Revolution and received its Silver Good Citizenship Medal.
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