Co-developers DivcoWest, Lincoln Property Company (“Lincoln”), and Phoenix Property Company have leased nearly 165,000 square feet at The Republic in the last 30 days. The two new leases will bring the recently completed 48-story office tower overlooking Republic Square in downtown Austin to 73% occupancy.
National full-service law firm Jackson Walker leased more than 110,000 square feet and will occupy three mid-rise floors. Virtu, one of the world’s largest high-tech trading and market making firms, leased approximately 55,000 square feet and will occupy the two remaining floors in the building’s high-rise portion.
“The Republic is the right long-term home for Jackson Walker’s Austin office, providing our attorneys, business professionals, and clients a premier downtown location, modern amenities, and the flexibility to support continued growth,” said Michelle Moore Smith, Managing Partner of Jackson Walker’s Austin office. “As a firm deeply rooted in Austin, we are excited to be part of a building that reflects the city’s energy, momentum, and future.”
The companies join an impressive list of top tenants at The Republic, including law firms Kirkland & Ellis, Pillsbury Winthrop, and O’Melveny & Myers, as well as financial services firms Vista Equity Partners, UBS, and Greenbelt Capital. Lincoln is responsible for leasing efforts at the property.
“We’ve secured nearly 600,000 square feet of high-quality leasing since marketing began on this project, demonstrating the continued demand for best-in-class workspace in Austin and affirming our decision to develop The Republic,” said Costa Petrunoff, Managing Director of Investments at DivcoWest. “With six office tenants already occupying their space and more to follow, The Republic has established itself as downtown Austin’s premier business destination.”
“Austin ranked first for job growth among the nation’s largest metros last year, and The Republic gives companies the location and amenities they need to compete for top talent,” said Seth Johnston, Executive Vice President at Lincoln. “Employers want their teams in the office, and The Republic is the kind of place people actually want to come in to work.”
CBRE represented both Jackson Walker and Virtu in lease negotiations. Virtu was also represented by Sage Realty NYC.
In addition to successful office leasing, The Republic has secured strong leasing interest from retail tenants. Sugar Wolf, a popular bakery, coffee and wine bar by Guy + Larry Restaurants, is now open on the ground floor of The Republic, drawing customers from throughout downtown. A second restaurant tenant will be announced soon.
Recently named Project of the Year by the Austin Business Journal, The Republic combines award-winning design with a highly amenitized, future-ready workplace experience. Designed by Duda Paine Architects with interiors by Michael Hsu Office of Architecture, the tower offers sweeping views of Lady Bird Lake and a direct connection to Republic Square Park – its historic namesake – and is one of the rare buildings in Austin’s Central Business District to open onto a full block of park space. Every office floor features a private terrace that extends the workplace outdoors, while elevated, tech-forward interiors, purposeful layouts, and best-in-class amenities create an environment designed to support productivity, well-being, and collaboration.
ABOUT DIVCOWEST
Founded in 1993 by Stuart Shiff, DivcoWest is a vertically integrated real estate investment firm headquartered in San Francisco, with offices in Cambridge, Los Angeles, Menlo Park, Washington D.C., and New York City. Known for long-standing relationships and experience across the risk-spectrum in innovation markets, DivcoWest combines entrepreneurial spirit with an institutional approach to commercial real estate. DivcoWest aims to create environments that inspire ingenuity, promote growth, and enhance health and well-being. Since inception, DivcoWest and its predecessor have acquired approximately 58 million square feet of commercial space – primarily throughout the United States. DivcoWest’s real estate portfolio currently includes existing and development properties in the office, R&D, lab, industrial, retail, and multifamily spaces. www.divcowest.com
ABOUT LINCOLN PROPERTY COMPANY
Lincoln Property Company (“Lincoln”) is one of the largest private real estate firms in the United States. Offering a fully integrated platform of real estate services and innovative solutions to owners, investors, lenders, and occupiers, Lincoln supports the entire real estate lifecycle across asset types, including office, multifamily, life science, retail, industrial, data center, production studio, healthcare, government, universities, and mixed-use properties, throughout the United States, United Kingdom, and Europe. Lincoln’s combined management and leasing portfolio on behalf of institutional clients includes more than 720 million square feet of commercial space. For more information, visit: www.lpc.com.
ABOUT PHOENIX PROPERTY COMPANY
Phoenix Property Company (PPC), formed in 1994, is a nationally recognized, diversified real estate company with developments and investments in major cities across the United States. Blake Pogue and Jason Runnels are the original principals. Noted for its extensive track record in developing award-winning multifamily and mixed-use communities on in-fill and urban sites, Phoenix has gained a reputation for recognizing emerging neighborhoods and creating iconic properties that encourage additional growth and revitalization. Phoenix also works with universities in evaluating their current and future real estate needs, and develops and owns college student housing communities in multiple cities. Since its inception, PPC and the affiliated GrandMarc have developed residential and mixed-use communities with a construction cost of over $1 billion. For more information, please visit www.phoenixpropertyco.com.
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