- Local News
The Republic Gains Another Full-Floor Tenant and Reaches Final Level in Austin
Pillsbury, a global law firm, signs deal for 28,000 square feet at the 48-story office building, bringing the tower to 50% leased
Co-developers Lincoln Property Company, (“Lincoln”), a global, full-service real estate firm, today announced that Lincoln Property Company, Phoenix Property Company and DivcoWest have secured a lease with global law firm Pillsbury Winthrop Shaw Pittman LLP (“Pillsbury”) for 28,000 square feet at The Republic, a world-class office development located at 401 W. 4th St. in Downtown Austin.
Construction at The Republic recently reached the 48th and final floor and the tower will reach its full height of approximately 700 feet in January, when the building’s crown is placed, making it the tallest pure office building in the city. The Republic remains on track to open in mid-2025.
Pillsbury is one of the world’s foremost law firms advising technology companies and their investors, representing clients ranging from entrepreneurs and startups to the largest public and private companies. The firm also handles substantial work for clients in the energy and natural resources, financial, life sciences and digital health, real estate and construction, and other dynamic industries.
Pillsbury first opened in Austin in 2014 to serve the legal needs of the accelerating Texas technology market. The office has since grown to include more than 30 lawyers and more than 50 total employees, and plays a critical role in Pillsbury’s integrated technology platform, which connects with Silicon Valley, New York, London, Northern Virginia, San Diego, San Francisco, Los Angeles, Houston and other global markets that are important to the sector.
Pillsbury’s new lease of the entire 32nd floor of the landmark Austin building continues the firm’s expansion in Texas, following closely on the firm’s recent move to new space in Houston. At The Republic, Pillsbury joins law firms Kirkland & Ellis LLP and O’Melveny & Myers LLP, along with Austin-based Vista Equity Partners.
“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 Pillsbury’s Austin office managing partner Ed Cavazos. “This move reflects our commitment to Austin, our people here, and the many exciting tech companies that call this city home.”
“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.”
The entire 19th floor at The Republic will feature an amenity space designed by Michael Hsu Office of Architecture, including 25,000 square feet of indoor space with conference rooms, a fitness center and spin room, a club room with a lounge and bar, as well as a 25,000-square-foot landscaped terrace covered by architectural shade canopies. The Republic will also feature 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.
“The downtown Austin market continues to be one of the most popular office markets in the country, demonstrating strong resiliency, optimism, and growth across the board thanks to a diversified and dynamic tenant base,” said Mike Provost, Senior Managing Director & Southwest Regional Head of Investments at DivcoWest.
Designed by Duda Paine Architects, the 816,560-square-foot office building will offer sweeping views of Lady Bird Lake and a direct connection to Republic Square Park, the building’s historic namesake. 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.
A true next-generation office building, The Republic emphasizes the health and wellness of tenants and guests by incorporating touchless access technology, enhanced air-filtration systems, and the pursuit of, WELL Health-Safety Rating, LEED Gold Certification.
For leasing inquiries, connect with the Lincoln team here. For more information about the project, please visit http://www.republicaustin.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, life science, retail, industrial, data center, production studio, healthcare, government, universities, and mixed-used properties, throughout the United States, United Kingdom, and Europe. Lincoln’s combined management and leasing portfolio on behalf of institutional clients includes more than 557 million square feet of commercial space. In addition to providing third-party real estate services, Lincoln has completed over 150 million square feet of development since its inception in 1965 and has another $20 billion currently under construction or in the pipeline. For more information, visit: www.lpc.com.
About DivcoWest
Founded in 1993 by Stuart Shiff, DivcoWest, a DivCore Capital company, is a vertically integrated, real estate investment firm headquartered in San Francisco, with offices in Austin, Cambridge, Los Angeles, Menlo Park, Washington DC, 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 61 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 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.