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Block 21 Gets $150M Refinance

By Tony Seruga

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Block 21 has 18,327 square feet of ground floor retail space that is 98.6 percent leased.

DALLAS—HFF has arranged a $150-million refinancing for Block 21, a mixed-use development containing the 251-room W Austin Hotel & Residences, 2,750-seat Austin City Limits Live at The Moody Theater music and events venue (ACL Live) and almost 60,000 square feet of class A office and retail space in downtown Austin.

HFF worked on behalf of the borrower, Stratus Properties Inc., to place the 10-year, fixed-rate loan with Goldman Sachs. Loan proceeds were used to refinance existing debt…

Block 21 Gets $150M Refinance

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