Austin-based Velocity Credit Union will relocate its headquarters from 610 E. 11th St., Austin to a commercial office building known as the Quarry Lake Business Center. Velocity Credit Union announced the purchase of the 117,000-square-foot building located at 4515 Seton Center Parkway, Austin off of Braker Lane, on May 31.

The company plans to begin moving in next year and occupy a full floor by May 2019.

The existing 40,000-square-foot downtown headquarters will still contain a branch of the credit union; however, Velocity plans to sell the property. 512-469-7000.