Allianz offered a $99 million acquisition mortgage.
Large V Property Group has acquired Southpark Meadows I & II, a 938,103-square-foot procuring middle in Austin, Texas.
JLL Capital Markets brokered the transaction and organized the acquisition financing. Allianz Life Insurance coverage Co. of North America offered a $99 million, five-year senior mortgage, in accordance with Travis County data.
Accomplished in 2004 and 2008, Southpark Meadows encompasses 30 one-story buildings that sit throughout a 92.7-acre web site. One of many largest procuring facilities in South-Central Texas, the property is anchored by a world low cost division and grocery retailer and shadow-anchored by Goal. Different tenants embody Ross, Marshalls, HomeGoods, Greatest Purchase and 5 Under.
Situated at 9600 South I-35, the power is subsequent to Interstate 45 and near Routes 71 and 45. Mary Moore Searight Metropolitan Park and Onion Creek Greenbelt are within the property’s proximity. The inhabitants inside a 5-mile radius exceeds 200,000 residents and the site visitors rely is roughly 13,391 automobiles per day, in accordance with CommercialEdge information.
Senior Managing Administrators Chris Gerard, Ryan Shore and Barry Brown, Affiliate Robby Westerfield and Analyst Cole Sutter from JLL represented the vendor, with Managing Administrators Chris McColpin and Senior Managing Director Chris Drew representing the client.
Chris Gerard and Ryan Shore, alongside Analysts Greyson Fewin and Pauli Kerr, lately organized the sale of a five-block, 282,000-square-foot mixed-use improvement in Fort Value, Texas.
