Three Texas Business Park Properties Get Refinanced
Northmarq has arranged three loans totaling $15.3 million for the refinancing of three industrial flex properties. The Central Texas assets total over 100,000 square feet. One property is in Austin. It was built in 1999 and is 38,800 square feet. Two others are in the San Antonio suburb of Schertz. The two Schertz properties were built in 2018 and 2020 and they have a combined 61,588 square feet. The properties were fully leased at the time of the loan closing.
Northmarq’s Bryan Leonard arranged the debt through an undisclosed credit union. The borrowers were not disclosed.
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.