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Tishman Speyer enters Austin market
Transactions - FEBRUARY 4, 2021

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Tishman Speyer enters Austin market

by Released

Tishman Speyer has acquired The Foundry, a two-building office property totaling 240,000 square feet in East Austin, a premier commercial submarket in the capital city. The acquisition marks the firm’s entrance into the Austin market, which has emerged as one of the nation’s leading technology centers.

Tishman Speyer president and CEO, Rob Speyer, commented, “This is our first investment in Austin, but we expect it won’t be our last. Austin is taking its place as one of America’s most desirable locations, especially for tech talent. And within the market, East Austin is the fastest growing and most dynamic mixed-use community. That’s exactly where we want to be the landlord of choice.”

He continued, “Tishman Speyer is focusing on markets where the best tech entrepreneurs are collaborating with leading academic institutions. Going forward, Austin will be in our portfolio alongside Boston, San Diego, the Bay Area and more.”

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