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401 West 4th Street

Updated Oct 28, 2026

Jackson Walker LLP Leases 110,000 Square Feet At The Republic In Downtown Austin
LEASEDOffice

Jackson Walker LLP Leases 110,000 Square Feet At The Republic In Downtown Austin

401 West 4th Street

Building Size

110,000 SF

Asset Type

Office

Closing

Oct 22, 2026

About this deal

AI

The Republic is a newly built 48-story office tower located at 401 West 4th Street in Austin, TX, offering a total of 110,000 square feet of office space. The property is under lease by law firm Jackson Walker LLP, which will occupy three mid-level floors within the building.

Summary of transaction details:

CBRE represented the tenant, Jackson Walker LLP, in this leasing transaction. The property is owned by a partnership comprising DivcoWest, Phoenix Property Group, and Lincoln Property Company, which is also involved in handling the leasing aspects of the building.

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Players

Clay Duvall

Broker

$2.5B

vol

35 deals

Broker
CBRE
CBREBrokerage
Phoenix Property Co.
Phoenix Property Co.Buyer
Stuart Shiff

Stuart Shiff

DivcoWest

Landlord

$2.3B

vol

21 deals

Landlord
Michelle Moore Smith

Michelle Moore Smith

Jackson Walker LLP

Tenant
Tenant
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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

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