Allen Corporate Center Lands $13.1M Acquisition Loan
JLL Capital Markets arranged $13.1 million in acquisition financing for Allen Corporate Center, a 97.5% leased, 82,834-square-foot office campus in Allen.
JLL Capital Markets arranged $13.1 million in acquisition financing for Allen Corporate Center, a multi-tenant office campus at 740-800 N. Watters Road in the Allen/McKinney submarket. The loan was secured on behalf of borrower Perceptive Real Estate Equities, Inc.
The 82,834-square-foot campus spans four single-story buildings on 8.8 acres, ranging from roughly 18,000 to 23,000 square feet each. The property is 97.5% leased.
The five-year, unstructured, fixed-rate loan is non-recourse. Hudson Peters Commercial handles leasing.
The campus offers 4.9 parking spaces per 1,000 square feet. Amenities include private entries and restrooms, personal lobbies, conference rooms, break areas and updated HVAC and electrical infrastructure.
- Address
- 740-800 N. Watters Road, Allen, TX 75013
- Floors
- 1
- Sq ft
- 82,834
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