Cousins Properties Provides $31.5 Million Preferred Equity For Endeavor's Development Site In Austin

The asset involved in this transaction is a development site located at 1200 West 5th Street in Austin, TX. The property spans 198,000 square feet and the loan amount is $31,500,000. The financing was secured for the mixed-use development project that will serve as the future headquarters of Endeavor Real Estate Group.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $31,500,000
• Market: Austin, TX
• Lender: Cousins Properties
• Landlord: Endeavor Real Estate Group
• Brokers: Ryan Stevens, Robert Wooten & Colby Mueck - JLL
• Loan Type: Preferred Equity

JLL Capital Markets played a crucial role in this transaction by securing the preferred equity commitment from Cousins Properties on behalf of Endeavor Real Estate Group. This financing is intended to support the Class A office and retail components of the development project.