Austin Office Asset Lands $40M Refi

Bridgepoint Plaza

An affiliate of Spire Realty Group has secured $39.7 million in refinancing for a two-building office asset totaling 178,061 square feet, Bridgepoint Plaza I and II, in Austin, Texas.

A JLL Capital Markets team led by Senior Managing Director Wally Reid and Director Jayme Nelson represented the ownership. Argentic provided the two-year loan.

Completed in 1985, the Class A office property is situated on an 8.8-acre site and also offers 1,500 square feet of retail space. Amenities include a fitness center, a cafe, a rooftop pickleball and basketball court, outdoor seating areas and a conference center. Bridgepoint Plaza also features 580 parking spaces.

Located at 5918 W. Courtyard Drive, the facility is situated near Loop 360 and West Courtyard Road. The office building is surrounded by premier residential neighborhoods and a vast amenity base.

JLL Capital Markets also recently arranged a 10-year loan for BDP Holdings and represented the company in acquiring a five-story office building, totaling 265,942 square feet, in Southlake, Texas. The campus has been the headquarters of Sabre Corp. since 2002.