Austin Office Campus Lands $64M
- Nov 22, 2017
Menlo Equities secured $64.5 million in financing for Amber Oaks, a nine-building, Class A office campus in Austin, Texas. HFF arranged the five-year, floating rate loan through Wells Fargo.
The 543,544-square-foot Amber Oaks is situated on a 61-acre site adjacent to State Highway 45, with close access to U.S. Highway 183, Parmer Lane, MoPac Expressway, Interstate 35 and Highway 130. Located at 13620-13640 Briarwick Drive and 9300-9501 Amberglen Boulevard in the Far Northwest submarket of Austin, the campus is 93 percent leased. Notable tenants include Oracle, AECOM, Office Depot and Toshiba America.
The office complex features large floor plates, basketball and tennis courts, a high parking ratio of five spaces per 1,000 square feet, outdoor seating areas in a park setting and is adjacent to a 120,000-square-foot Life Time Fitness facility.
Senior Managing Director & Co-Head of HFF West Coast region Kevin MacKenzie, Senior Director Casey Wenzel, Director Jamie Kline and Analyst Nick Lench worked on behalf of Menlo.
Image courtesy of Wikimedia Commons