JLL Capital Markets closes sale and financing of stabilized office asset in Northwest Austin
United States, Oct. 28 -- JLL Capital Markets announced that it closed the sale and arranged acquisition financing for Lakeside at Quarry Oaks, a 123,272-square-foot office building in the Quarry micro-market of northwest Austin.JLL marketed the property for seller Brick Row Holdings and procured the buyer, Texas-based private equity firm DML Capital. JLL also arranged DML's acquisition loan with a life insurance company.Lakeside at Quarry Oaks sits at the intersection of Braker Lane and Seton Center Parkway, in immediate proximity to the 300-acre UT Dell Medical Center, which is slated to open in 2030.The three-story building was 98% leased at the time of closing. Amenities include an underground parking garage and direct access to Quarry ...
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