CBRE Secures $67.1M Acquisition Loan For Austin Office & Retail Portfolio

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.