AUSTIN (Austin Business Journal) — TikTok, the social media company known for its wild popularity with teenagers as well as its run-ins with regulators, is in the market for new office space in downtown Austin, according to multiple sources.

The company is eying 300 Colorado, according to three sources. That 32-story tower is in final stages of construction at Third and Colorado streets. Sources previously told Austin Business Journal that Facebook Inc. walked away from a lease in the high-rise.

Sources said a TikTok deal at the tower is in the preliminary stages and nothing is yet confirmed.

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