Austin Office Tower Tops Out, Lands 3 More Tenants
By
500 W. 2nd St., Austin
Austin, Texas—Trammell Crow Co. and joint venture partner Principal Real Estate Investors announced that 500 W. 2nd St. has topped out construction and also added three additional tenants to its roster. Professional services firm Deloitte, international law firm King & Spalding and CBRE Group Inc. have signed long-term leases at the building.
The Class AA, speculative 29-story office tower features 500,436 square feet of space, including 11,000 square feet of street-level restaurant/retail space. Currently, the property is 60 percent leased and is scheduled for completion in February 2017.
“After nearly two years of construction, the ‘topping out’ of the tower marks an important milestone in the transformation of downtown Austin as well as the ongoing redevelopment of the former Green Water Treatment Plant (GWTP),” Adam Nims, principal of TCC’s Austin Business Unit, said in a prepared statement. “Our diverse tenant roster continues to grow with well-known and distinguished global corporations who are leaders within their respective industries.”…
