Jackson Walker And Virtu Lease 165,000 Square Feet At The Republic In Austin, TX
401 West 4th Street
Building Size
165,000 SF
Asset Type
Office
Closing
Aug 19, 2026
About this deal
AI
The property involved is an office asset located at 401 West 4th Street in Austin, TX, encompassing a total square footage of 165,000. The asset is situated in a market that has seen increased demand for office space, particularly for newer properties that offer various amenities.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 401 West 4th Street
- Market: Austin, TX
- Landlord: Stuart Shiff - DivcoWest; Clay Duvall & David Binswanger - Lincoln Property Company; Phoenix Property Co.
- Tenant: Jackson Walker & Virtu
- Brokers: CBRE & Sage Realty NYC
- Current occupancy: 73%
- Total leasing: nearly 600,000 square feet
This lease transaction showcases the engagement of key individuals in the deal, including Stuart Shiff representing DivcoWest, alongside Clay Duvall and David Binswanger from Lincoln Property Company, and Phoenix Property Co. The transaction marks a strategic move by tenants Jackson Walker and Virtu to secure significant office space within a high-demand area.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93