Albany Road Real Estate Partners Acquires Mixed-Use Property In Westlake For $66.3M | 1301 Solana Boulevard | CBRE Global Investors | Cullen Aderhold | Mixed-use | Loan

Summary

Loan

TEXAS

Mixed-use

366,000 sqft

Located at 1301 Solana Blvd in Westlake, this mixed-use property spans a total of 366,000 square feet. The transaction took place on November 15, 2021.

Summary of transaction details:

Property Type: Mixed-use
Transaction Amount: $66,300,000
Address: 1301 Solana Blvd
Market: Westlake
Asset Type: Mixed-use
Square Footage: 366,000

The lender for this acquisition loan was CBRE Investment Management, represented by Nick Ito. The borrower, Albany Road Real Estate Partners, was represented by Merrick Egan. The deal was facilitated by Cullen Aderhold from JLL.

The loan amount was $66,300,000, and it was categorized as an acquisition loan. The terms of the loan included a floating-rate with an initial term of three years, which could be extended for an additional two years.

Players

All
2

Agents
1
Lenders
1

Cullen Aderhold

Senior Director, Capital Markets

CBRE Global Investors

Details

Deal Summary

FINANCED

IMAGE: Merrick Egan, Nick Ito & Cullen Aderhold DATE: 11/15/2021 ADDRESS: 1301 Solana Blvd MARKET: Westlake ASSET TYPE: Mixed-use ~ SF: 366,000 LENDER: CBRE Investment Management - Nick Ito BORROWER: Albany Road Real Estate Partners - Merrick Egan BROKER: Cullen Aderhold - JLL LOAN AMOUNT: $66,300,000 LOAN TYPE: Acquisition LOAN TERMS: floating-rate loan has an initial term of three years and can extend up to an additional two years

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Address1301 Solana Boulevard

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