Amegy Bank provides loan for San Antonio office building
JLL Capital Markets arranges the acquisition financing for Travis Park Plaza
DALLAS, 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.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of more than 93,000 as of December 31, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Entrada Partners
Founded in 2005, Entrada Partners is an entrepreneurial, value add real estate company that is currently focused on acquiring industrial, flex and single-story office properties throughout Dallas, San Antonio and Austin, Texas. The firm’s mission is to provide a high level of service to its tenants and superior risk-adjusted returns to its investors, with an emphasis on integrity and professionalism. Learn more at entradapartners.com.
About Amegy Bank
Amegy Bank, a division of Zions Bancorporation, N.A., is a leading Texas bank with nearly $13 billion in assets and about 1,600 employees. With more than 75 locations across Houston, Dallas-Fort Worth, and Central Texas, Amegy is dedicated to serving Texas communities, families and businesses. Founded in 1990, Amegy has a strong tradition of relationship banking, local decision making and financial knowledge. Amegy specializes in banking businesses of all sizes and has the resources to provide financing, treasury management solutions, international banking, as well as other specialized services. Equally important, the bank offers individuals and families a wide range of depository, lending, and mortgage solutions.
To learn more about Amegy, visit amegybank.com or call 800-287-0301.
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