Energy company shifts HQ to Austin, inks space at Colorado Tower alongside Aussie firm

Apr 2, 2014
Austin Business Journal

Two companies new to Austin have signed leases in the Colorado Tower currently under construction at 303 Colorado St. in downtown Austin’s warehouse district


Parsley Energy is moving its headquarters from Midland in West Texas and has secured 73,843 square feet in the building. The company cites recruitment factors as a big reason for its decision to relocate most of its personnel here


Australia-based Atlassian Software Systems Pty Ltd., which had announced in February that it could bring as many as 300 jobs to the area, has also signed for 24,411 square feet


Previously, Hendricks announced that Hawkeye Partners, a real estate private equity firm, was taking 11,636 square feet of space


Colin Roberts, Parsley’s general counsel, said the exploration and production company, which operates wells in the Permian Basin of West Texas, decided to make Austin its home based on personnel issues


About 50 employees will move from Midland and dozens more will be recruited here immediately


“We’ve already begun hiring employees directly to Austin. We expect our employee count to continue to rapidly increase in the coming years,” Roberts said


Based in Sydney, Australia, Atlassian employs about 300 people currently in San Francisco in addition to 500 in other global locations


Hendricks said Colorado Tower now is about 51 percent pre-leased with about 180,000 square feet still available. The first tenants will move into the 30-story building in December


Print Article opens in new window