Oct
19
Mesa West Funds $91M Loan for Austin Office Campus
ByKBS Realty Advisors has recapitalized its recent acquisition of Stonebridge Plaza I & II in the city’s Northwest submarket.
Stonebridge Plaza I & II
Austin, Texas—Mesa West Capital originated a $90.5 million first mortgage loan for KBS Realty Advisors to recapitalize its recent all-cash acquisition of Stonebridge Plaza I & II, a 386,000-square-foot, Class A office campus in Austin, Texas.
The five-year, floating-rate loan is secured by the two nine-story LEED-certified office buildings and seven-story parking garage on 5 acres at 9600 and 9606 N. MoPac Expressway in Northwest Austin, one of the city’s strongest office submarkets, according to Mesa West Capital…
