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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
clock iconFinanced 343 days ago
Colby Matzke
William (Bill) Chiles
Scott Peterson
+ 2
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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

Colby Matzke's profile picture
Colby Matzke
CBRE-image
Senior Financial Analyst
William (Bill) Chiles's profile picture
$41M Sold

Details

Deal Summary
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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.

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AddressCBRE brokers loan for $67,100,000 in Austin

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