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Transactions - APRIL 20, 2022

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LPC partners with DivcoWest for office tower in Austin

by Released

Lincoln Property Co. (LPC) and co-developer Phoenix Property Co. have partnered with DivcoWest to develop The Republic, an 833,000-square-foot landmark office tower in downtown Austin.

The partners confirmed they have secured the building’s first major tenant, which will advance construction forward and allow for a groundbreaking later this quarter.

Located at 401 West 4th Street, the 48-story office tower will offer sweeping views of Lady Bird Lake and a direct connection to Republic Square Park, the building’s historic namesake. With floor plates averaging 29,000 square feet, this tower is prime for new corporate headquarters or companies looking to expand into the Austin market.

The building’s location across from Republic Square Park was the main driver behind the architectural design of the project. The city’s downtown grid was established when Austin’s first city land lots were sold under the historic oaks of the park in 1839. Designed by Duda P

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