Wednesday , 28 September 2016
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Austin’s First Downtown Tower Since 2003 to Open Almost Fully Leased

Rendering of Colorado Tower in Austin

Rendering of Colorado Tower in Austin

AUSTIN – The 29-story Colorado Tower, the first downtown office tower built in Austin since 2003, will be completed at the end of the year almost fully leased.

Cousins Properties I has signed five new leases totaling 157,279 square feet at Colorado Tower in downtown Austin. Leasing at the 373,000 square-foot, Class-A office development is now 95 percent, up from 51 percent on June 30, 2014.

Larry Gellerstedt, President and Chief Executive Officer of Cousins Properties said: “We broke ground in June 2013 17 percent pre-leased, and today we are 95 percent leased to a diverse roster of high-caliber companies, many who are new to Austin.”

New leases include:

  • Parsley Energy, Inc. expanded by 61,264 square feet and now leases a total of 135,107 square feet. They were represented by Will Douglas and Nathan Lawrence with CBRE and Jim Bell with Studley.
  • Atlassian, Inc. expanded by 48,346 square feet and now leases a total of 72,530 square feet. They were represented by Jake Ragusa and Elysia Ragusa with JLL.
  • IPSoft, Inc. leased 24,184 square feet and was represented by Chrissy Cornelius and Carl Condon with Avison Young.
  • Kelly Hart & Hallman LLP leased 14,180 square feet and was represented by Burke Kennedy and Mike Kennedy with Avison Young.
  • Invesco Management Group, Inc. leased 9,305 square feet and was represented by Liz Tucker with JLL.

Cousins, an Atlanta-based REIT, was represented on all deals by Rachel Coulter and Kevin Kimbrough with Oxford Commercial.

Projected to be delivered in December 2014, Colorado Tower will be the first high-rise office tower developed in downtown Austin since Cousins developed Frost Bank Tower in 2003.

 

 

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