MoxieBridge Acquires Office Property In Plano For $27.4M Loan

The property involved in this transaction is an office located at 500 N. Central Expressway in Plano. It spans a total of 237,000 square feet. The landlord of the property is MoxieBridge, represented by Brock Robertson. The lender for this transaction is RMR Mortgage Trust, represented by Adam Portnoy. The broker involved in the deal is JLL.

Summary of transation details

• Property Type: Office
• Transaction Amount: $27,400,000
• Address: 500 N. Central Expressway, Plano
• Market: Plano
• Landlord: MoxieBridge - Brock Robertson
• Lender: RMR Mortgage Trust - Adam Portnoy
• Broker: JLL
• Loan Terms: Floating-rate loan, three-year initial term with two one-year extension options

The key individuals involved in this deal include Brock Robertson from MoxieBridge, representing the landlord, and Adam Portnoy from RMR Mortgage Trust, representing the lender. They collaborated with JLL, the broker, to facilitate this transaction. The loan amount for this deal is $27,400,000, with a floating-rate loan structure and a three-year initial term that can be extended for up to two additional years.