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11/21/17
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Menlo Equities has obtained $64.45 mil in financing for Amber Oaks, a 543.5k sf, nine-building, Class A office campus in Austin, TX. The campus is 93% leased to tenants including Oracle, Office Depot, AECOM and Toshiba America.
Amber Oaks is located at 13620-13640 Briarwick Dr and 9300-9501 Amberglen Blvd in the Far Northwest submarket of Austin. The 61-acre site is adjacent to State Highway 45 and has excellent access to U.S. Highway 183, Parmer Lane, MoPac Expressway (Loop 1), Interstate 35 and State Highway 130, which provide access to downtown Austin and the high growth suburban communities of Cedar Park, Round Rock and Pflugerville, among others.
Designed to meet today’s tenants needs, Amber Oaks offers large and efficient floor plates, a high parking ratio of 5 spaces per 1,000 square feet, basketball and tennis courts, outdoor seating areas in a park setting, and is adjacent to a 120k sf Life Time Fitness facility.
Many of Austin’s largest corporate employers such as Apple, Dell, IBM and Charles Schwab reside in the property’s submarket as do many of Austin’s top retail destinations such as Lakeline Mall, La Frontera and Domain.
Kevin MacKenzie, Casey Wenzel, Jamie Kline and Nick Lench with HFF arranged the five-year, floating-rate loan. It was funded through Wells Fargo Bank.
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