OhioFinance $26 million loan from Kawa paves way for Austin Landing purchase near Dayton November 17, 2019 Share on Facebook Share on Twitter Share on LinkedIn Share via email Kawa, an investment manager with $1.3 billion in assets under management, has placed a $26 million loan for the acquisition of Austin Landing, a 834,630-square-foot, mixed-use property recently developed in Montgomery County, Ohio. The loan allows the borrower to purchase the property from its developer for a purchase price of $134.5 million. Austin Landing, which was built in phases between 2009 and 2018, features both retail and office space and boasts an occupancy rate of more than 95 percent. The property’s office component is home to several financial institutions including Wells Fargo, UBS, Merrill Lynch, Raymond James and Baird. Retail tenants include investment-grade anchors Kroger and Kohls, as well as 16 restaurants and a movie theater. The property’s main amenity is an about eight-acre community park providing space for more than 90 events annually. The property is also adjacent to two hotels and a luxury apartment building, creating a vibrant live-work-play environment. The acquisition of Austin Landing was funded with senior financing provided by Citi Bank, a structurally subordinated loan from Kawa, and the balance with owner equity.