March 17, 2020 – JLL Capital Markets announced today that it has arranged financing for Travis Park Plaza, a seven-story office building and a six-story, 836-space parking garage with ground floor retail space in San Antonio, Texas.
JLL worked on behalf of the borrower, Entrada Partners, to secure the five-year, floating-rate acquisition loan with a three-year extension through Amegy Bank.
Travis Park Plaza is located on 2.5 acres at 711 Navaro Street in the heart of San Antonio’s central business district. The property is adjacent to Travis Park, which offers tenants direct access to greenspace, and is just one block from the famed San Antonio Riverwalk, and a quarter mile from the Alamo and Alamo Plaza. Recently renovated, Travis Park Plaza features a sleek Gensler-designed lobby redesign, new tenant buildouts with high-end creative office space, and DWG-designed urban landscape improvements. The office property is 82% leased to a strong roster of government, medical and engineering tenants.
The JLL Capital Markets team representing the borrower was led by Senior Director De’On Collins.