AUSTIN-The Charles Schwab & Co. retail office is leaving one high-traffic corner on Congress Avenue for another high-traffic corner down the street. By February 2003, the office will be set up in 5,300 sf on the second floor of 100 Congress at the corner of Congress and Cesar Chavez Street. It leaves the Scarbrough Building at Congress and Sixth Street.

John Baird, vice president in the Austin office of Dallas-based Lincoln Property Co., represented the building owner, Metropolitan Life Insurance Co. Lance Sallis, a senior vice president in Trammell Crow Co.’s Austin office, acted for Schwab.

Sallis tells that Schwab had wanted class A space and better parking for its clients. The company looked at virtually all class A buildings in the downtown before landing at 100 Congress in a seven-year lease, he says.

The 411,536-sf 100 Congress building was built in 1987. It and the One Congress building across the street form the gateway to downtown from the south. The 130,000-sf Scarbrough building was built in 1910.