JLL Capital Markets has arranged a $39.7 million refinancing for Bridgepoint Plaza I and II, a two-building office complex totaling 178,061 square feet in Austin, Texas.
JLL worked on behalf of the sponsor, Spire Real Estate Partners, LLC, an affiliate of Spire Realty Group, LP, to secure the two-year loan through Argentic. The JLL Capital Markets Debt Advisory team was led by Senior Managing Director Wally Reid and Director Jayme Nelson.
Bridgepoint Plaza I and II is located on an 8.78-acre site at 5918 Courtyard Drive just NW of Loop 360 and West Courtyard Road The property is positioned on the bluffs above Pennybacker Bridge providing exceptional views of Lake Austin and proximity to some of the premier residential neighborhoods in West Austin, including the under construction Four Seasons Lake Austin Private Residences. Additionally, the property is surrounded by a plentiful amenity base, including the Arboretum and the Domain.
Overall, Bridgepoint Plaza I and II is 78% leased to a diverse tenant roster. The buildings are highly amenitized with a fitness center, rooftop basketball court and pickleball court, new outdoor seating area, a conference center and structure parking for 580 vehicles.