PGIM Provides $77M Acquisition Loan For Office Building In Austin

Austin-based Riverside Resources has secured a $77 million acquisition loan for an office property located at 1412 East 5th Street. The building spans 165,000 square feet and is owned by AEW Capital Management, represented by Jeff Furber. The loan was provided by PGIM, with Justin Levitt acting as the lender's representative.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $77,000,000
• Address: 1412 East 5th Street, Austin
• Market: Austin
• Asset Type: Office (~165,000 SF)

This transaction involves Riverside Resources, a prominent developer in Austin. They have successfully secured an acquisition loan of $77 million for the office property at 1412 East 5th Street. The property, totaling 165,000 square feet, is owned by AEW Capital Management and is represented by Jeff Furber. The loan was facilitated by PGIM, with Justin Levitt serving as the lender's representative.