FINANCED
CBRE Secures $67.1M Acquisition Loan For Austin Office & Retail Portfolio
CBRE brokers loan for $67,100,000 in Austin
Office
547,395 SF
547,395 SF
Financed 317 days ago
Summary
Loan
TEXAS
Office
547,395 sqft
M.I.G. Capital has acquired a portfolio of 12 office buildings and one retail building in Austin's Braker Business Park. The portfolio spans a total of 547,395 square feet and sits on approximately 42 acres of land. The properties are located at an undisclosed address in Austin's market.
Summary of transaction details
- Property Type: Office & Retail
- Transaction Amount: $67,100,000
- Loan Amount: $67,100,000
- Loan Type: Acquisition Loan
- Loan Terms: Five-year, nonrecourse loan
CBRE represented M.I.G. Capital in securing a $67.1 million acquisition loan for the portfolio. Bill Chiles, Scott Peterson, Colby Matzke, and Brian Cruz from CBRE served as the brokers in the deal.
Further information about the lender involved in the transaction was not disclosed.
Players
All
5
Agents
4
Agencies
1
Details
FINANCED
IMAGE: Bill Chiles, Scott Peterson, Colby Matzke & Brian Cruz
DATE: 06/21/2023
ADDRESS: Portfolio
MARKET: Austin
ASSET TYPE: Office & Retail ~ SF: 547,395 ~ ACRES: 42
LANDLORD: M.I.G. Capital
BROKERS: Bill Chiles, Scott Peterson, Colby Matzke (@ColbyMatzke)& Brian Cruz - CBRE (@CBRE)
LOAN AMOUNT: $67,100,000
LOAN TYPE: Acquisition Loan
LOAN TERMS: five-year, nonrecourse loan
NOTE: CBRE secured a $67.1 million acquisition loan for a portfolio of 12 office buildings and one retail building in Austin's Braker Business Park on behalf of M.I.G. Capital. The lender's identity was not disclosed.View on map
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