Arc Capital Partners Acquires Office Building In Austin From Prescott Group

The office property located at 316 W. 12th St. in Austin has been sold in a transaction that took place on May 13, 2022. The property spans a total area of 100,166 square feet.

Summary of transaction details

• Property Type: Office
• Transaction Amount: Not specified
• Address: 316 W. 12th St.
• Market: Austin
• Asset Type: Office
• Square Footage: 100,166 SF

Arc Capital Partners has acquired the property from the Prescott Group. The deal was facilitated by Andrew Levy, Todd Savage, Kelsey Shebay, and Jeff Coddington from JLL, who acted as brokers representing both the buyer and seller.

The lending for the transaction was provided by Grant Street Funding. The mortgage brokers involved in securing the loan were Jeff Sause, Casey Wenzel, and Matthew Ctvrtlik from JLL.