David Luski Secures $178 Million Acquisition Loan For Retail Asset In Sunbelt, TX
1501 University Drive East
$178,000,000
$159/SF
Building Size
1,114,106 SF
Asset Type
Retail
Closing
Jun 9, 2026
About this deal
AI
The property asset involved in the transaction is a retail space located at 1501 University Drive East in Sunbelt, TX. The asset comprises a total of 1,114,106 square feet and has been financed with a loan amount of $178,000,000, specifically for acquisition purposes.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $178,000,000
- Address: 1501 University Drive East
- Market: Sunbelt, TX
- Loan Type: Acquisition
- Lender: Brian Moynihan
- Landlord: David Luski
- Landlord's Representative: Jordan Roeschlaub, Nick Scribani, John Caraviello, Dan Axelson, Conor Lalor, Adam Spies & Adam Doneger - Newmark
This transaction involves key individuals including the lender Brian Moynihan and landlord David Luski, indicating the significant roles played by these parties in facilitating the loan agreement. The landlord's representatives from Newmark include a team of brokers working collaboratively to manage the deal effectively.
On the Map
$178,000,000
$159/SF
Retail
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Players
Market Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93