Overview
The Cushman & Wakefield Equity, Debt, & Structured Finance group is thrilled to present an exclusive financing opportunity for Reunion Park. Nestled along North MoPac Expressway just South of US-183 in Austin, Texas, this supremely located development spans an impressive 92,619 square feet. Spearheaded by Market Street Real Estate Partners, the sponsorship group is actively seeking a senior mortgage amounting to 60% of the project’s current value, with release provisions to allow for the activation and redevelopment of the southern portion of the site. This endeavor presents a distinctive chance to partake in financing a secure, outstandingly located asset, complemented by an institutional caliber sponsor.
Investment Highlights
Large Site with High Visibility off Mopac Near Executive Housing
This 8-acre site has approximately 850 feet of frontage to Mopac Expressway just south of US 183 intersection. High growth area for retail and executive housing in the area with strong demographics.
Long Term Anchor Tenancy with Recent Commitment to Space
Signature Science, the anchor tenant, has been in the project for over 25 years and recently consolidated all leased space to Building One with new lease signed in 2024. Signature Science has committed over $3.2M to their own finish out of labs and research space on the latest renewal.
Staggered Lease Structure to Reduce Maturity Exposure
Landlord structured new lease with anchor tenant will roll over a 3-year period making it very difficult for the tenant to leave the space all at once creating even more reason for tenant to renew.
Favorable LI Zoning
The current Zoning at Reunion Park is LI which allows Lab Use. This is one of the few parcels in the submarket with this favorable zoning and allows for use that other competitive office buildings will not be permitted by City of Austin.
Loan Request
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