DALLAS—HFF has arranged a $150-million refinancing for Block 21, a mixed-use development containing the 251-room W Austin Hotel & Residences, 2,750-seat Austin City Limits Live at The Moody Theater music and events venue (ACL Live) and almost 60,000 square feet of class A office and retail space in downtown Austin.
HFF worked on behalf of the borrower, Stratus Properties Inc., to place the 10-year, fixed-rate loan with Goldman Sachs. Loan proceeds were used to refinance existing debt.
HFF could not return a request for additional comment by press time.
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