Austin, Texas’ first high-rise office tower in over a decade is filling up in anticpation of a December 2014 completion. Cousins Properties has signed three new leases, totaling 109,620 square feet, at Colorado Tower in downtown Austin. Leasing at the Class-A office development has reached 51 percent, up from 22 percent at the end of 2013, with approximately 182,000 square feet still available.

Colorado Tower“We are excited to announce over 109,000 square feet of new leasing activity at Colorado Tower,” said Larry Gellerstedt, President and Chief Executive Officer of Cousins. “The addition of these outstanding customers to an already first class roster further demonstrates the compelling value proposition of the project and the continued strength of the Austin CBD.”

Hawkeye Partners leased 11,636 square feet and was represented by Jim Crouch. Atlassian leased 24,141 square feet and was represented by Jeff Pace and Jake Ragusa with JLL, and Parsley Energy leased 73,843 square feet and was represented by Will Douglas and Nathan Lawrence with CBRE and Jim Bell with Studley.

Cousins was represented on all deals by Rachel Coulter and Kevin Kimbrough with Oxford Commercial.

Designed by Duda/Paine Architects, Colorado Tower contains 650,000 square-feet in  a 29-story high-rise with thirteen levels of above-grade parking and 5,000 square-feet of ground level retail space. The building has 373,000 square-feet of Class-A office space. At the street-level lobby, a covered canopy is meant to respond to the surrounding scale and material of existing buildings while protecting pedestrians from sun and rain. Designer hope that the highly visible lobby space and the inclusion of civic art will enhance the pedestrian experience.

The development will be the first high-rise tower built in Austin since Cousins developed Frost Bank Tower in 2003. Cousins has played a prominent role in the Austin real estate market for over 20 years, with a list of notable projects including Frost Bank Tower, Palisades West, and its recent acquisition of 816 Congress.