$77 Million Loan Used to Acquire Austin’s Centro South

The nearly 165,000 square foot office is 96% leased, with Australian software developer Atlassian as the anchor tenant. PGIM provided the acquisition loan on behalf of AEW Capital Management. Riverside Resources developed the project and will continue to manage it.

Centro South represents Phase II of a larger development, and the sister building, Centro North will be complete later this summer. When both are completed, the complex will have 330,000 square feet of office space, and 15,000 of retail and restaurant space.

Amenities include a state-of-the-art fitness center, outdoor social area, and landscaped courtyards with pedestrian walkways connecting the two buildings. A subterranean parking garage provides over 800 spaces. Bike storage and electric car charging stations are included as well.