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Texas  + State of Texas  + Apartments  | 

Westdale Secures $115M Refi for 3 Texas Properties

Westdale Properties America has received a $115 million senior loan for three Texas properties, two office buildings and a multifamily community. The office buildings are the Epic Office I in Dallas and The Colonnade in San Antonio, along with The Woodmeade, a 304-unit multifamily property in Irving.

Reznik Paz Nevo Trusts provided the 5-year, fixed-rate financing, according to CommercialEdge information. Giryes Capital Group arranged the transaction.

Completed in 2019, the 16-story, Class A Epic Office I building at 255 Pacific Ave. totals 282,000 square feet. It includes 18,000 square feet of retail space. Westdale broke ground on The Epic, a mixed-use property that also includes a residential tower and a boutique hotel, in 2017. The developer financed the project’s construction with a $160 million note also provided by Reznik Paz Nevo Trusts.

Westdale purchased The Colonnade from Griffin Partners in 2012. The 168,255-square-foot office building opened in 1983. It is located at 9901 Interstate 10 in San Antonio.

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About Mike Boyd

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.

  • ◦Financing
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