Funding of $122.94 million was provided for River South, a 350,000-square-foot office building.
AUSTIN, TX—New York Life Real Estate Investors, on behalf of New York Life Insurance Company, arranged the construction financing of River South, a 350,000-square-foot office building. The $122.94 million floating rate loan has a term of five years with one 12-month extension option.
“We are pleased to establish lending relationships with Stream Realty Partners and QuadReal Property Group through the financing of this excellent asset,” said Leslie Cassingham, senior director of New York Life Real Estate Investors' Southeast regional office. “River South's in-fill location and state-of-the-art amenities, as well as its large floorplates, attractive ceiling heights and ample parking, will make it an irreplaceable property.”
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
