Trammell Crow Company and Principal Announce 50,273-Square-Foot Lease at Indeed Tower in Austin, Texas
March 23, 2021
The Austin Business Unit of Trammell Crow Company (TCC) and its joint venture partner, Principal Real Estate Investors, announce that Vinson & Elkins LLP, a Houston-based international law firm, will relocate its Austin office to Indeed Tower, located at 200 West Sixth Street in Downtown Austin. V&E’s lease includes 50,273 rentable square feet, occupying the entire 25th floor and a portion of 26th floor at the tower. The building is scheduled to be complete early this summer and is currently 75% leased.
“Vinson & Elkins has been serving clients in Austin for more than 40 years. We have long embraced the city’s entrepreneurial spirit and vast potential to become one of the nation’s leading business hubs,” said Milam Newby, co-managing partner of V&E’s Austin office. “Today, we work alongside many of Austin’s most thriving industries, including technology, life sciences, private equity, venture capital and renewable energy. Our commitment to this city remains unwavering, and we look forward to building our brand in such a dynamic and energetic location.”
“We are proud that for more than 100 years, Vinson & Elkins has been the law firm of choice in Texas providing consistent, high-quality legal services to some of the most important sectors of the global economy,” said V&E chairman Mark Kelly. “Moving into Indeed Tower will place the firm at the center of an incredibly vibrant city and help us play a key part in Austin’s continued growth and prominence as one of the country’s most innovative cities.”
In particular, V&E’s Austin office helps provide strategic counsel to leading entrepreneurs and innovators in some of the fastest-growing sectors of the economy in all phases of growth, from startup and venture financing, to acquisitions and public offerings, as well as on intellectual property and other bet-the-company litigation. Intersecting the firm’s broad experience in energy and technology, V&E’s Renewable and Sustainable Energy and Infrastructure practice is expanding in Austin and serves clients in the region and globally.
More broadly, V&E’s Austin-based lawyers represent key firm practice groups, including Mergers & Acquisitions, Private Equity, Venture Capital, Litigation, Intellectual Property, Environmental, White Collar, Appellate, and Real Estate.
“Situated on 6th Street in Austin’s booming central business district, Indeed Tower will offer tenants an unmatched experience through extensive amenities, both inside of the building and through surrounding pedestrian-oriented retail and greenspace,” said Brad Maples, Principal of TCC Austin. “In line with our goals for this project, Vinson & Elkins has shown a longstanding dedication to Austin’s growth. We are thrilled to welcome the firm as our newest tenant later this year.”
Indeed Tower, a class AA office building, is 36 stories and includes 673,000 square feet of office space, 35,000 square feet of retail space within the converted historic Claudia Taylor Johnson post office building and ground floor areas, and 17,000 square feet of outdoor urban greenspace.
Trammell Crow Company
Trammell Crow Company (TCC) is a global commercial real estate developer and wholly-owned subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas. Founded in 1948, TCC has developed or acquired nearly 2,900 buildings valued at $75 billion and over 655 million square feet. As of September 30, 2023, TCC had $15.4 billion of projects in process and $14.5 billion in its pipeline. It employs 650 professionals in 28 major cities throughout the United States and Europe. The company serves users of and investors in office, industrial/logistics, healthcare, life sciences and mixed-use projects, as well as multi-family residential through its operating subsidiary High Street Residential. For more information visit www.TrammellCrow.com.