{"id":1004238353,"date":"2018-06-28T07:42:33","date_gmt":"2018-06-28T15:42:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004238353"},"modified":"2022-12-06T17:24:30","modified_gmt":"2022-12-07T01:24:30","slug":"ts-partners-lands-23m-loan-for-tx-office-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ts-partners-lands-23m-loan-for-tx-office-park\/","title":{"rendered":"TS Partners Lands $23M Loan for TX Office Park"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004238407\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Cedar-Ridge-Office-Park.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004238407\" data-attachment-id=\"1004238407\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/ts-partners-lands-23m-loan-for-tx-office-park\/cedar-ridge-office-park\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Cedar-Ridge-Office-Park.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Cedar Ridge Office Park, Southlake, Texas\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Cedar Ridge Office Park, Southlake, Texas &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Cedar-Ridge-Office-Park.jpg?w=800\" class=\"wp-image-1004238407 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Cedar-Ridge-Office-Park.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Cedar-Ridge-Office-Park.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Cedar-Ridge-Office-Park.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/06\/Cedar-Ridge-Office-Park.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004238407\" class=\"wp-caption-text\">Cedar Ridge Office Park, Southlake, Texas<\/p><\/div>\n<p>TS Partners has secured $23.3 million in financing for Cedar Ridge Office Park, located in Southlake, Texas. Meridian Capital Group arranged the 10-year CMBS loan on behalf of the firm.&nbsp;<\/p>\n<p>Situated at 850 and 950 E. State Highway, the property comprises two office buildings totaling 129,000 square feet. Featuring 12 units, the assets were constructed in 2005 and 2007.<\/p>\n<p>Campus features include tilt-wall construction with exterior stone, metal canopy roofs, high-end finishes, 416 surface-level parking spaces and 122 indoor, lower-level parking spaces. The building at 850 E. was previously occupied by Keller Williams until 2017, when the company moved to a larger space. Shortly after, Coldwell Banker signed a lease to occupy space at the property for $32.50 per square foot.&nbsp;<\/p>\n<p>Cedar Ridge Office Park is within close proximity to Highway 114 and the Dallas\/Fort Worth International Airport, with the Southlake Town Square shopping center located nearby.&nbsp;<\/p>\n<p>The financing was negotiated by Managing Directors Allan Lieberman and Steven Adler, as well as Vice President Simcha Schick.<\/p>\n<p>Meridian has had an active year so far. Earlier this month, the firm <a href=\"https:\/\/www.commercialsearch.com\/news\/marx-development-gets-88m-in-financing-for-hudson-yards-hotel\/\">arranged $88 million in financing<\/a> for the development of a&nbsp;42-story, 235,000-square-foot Marriott-branded hotel, which is part of the $20 billion mixed-use Hudson Yards project in Manhattan.&nbsp;<\/p>\n<p><em>Image courtesy of Meridian Capital Group&nbsp;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Meridian Capital Group arranged the 10-year CMBS loan on behalf of the firm for Cedar Ridge Office Park in Southlake, which comprises 129,000 square feet. <\/p>\n","protected":false},"author":746,"featured_media":1004238407,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21825,21742,21747],"tags":[35826,33375],"class_list":["post-1004238353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-finance","category-latest","category-office","tag-cmbs","tag-meridian-capital-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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She has a background in Journalism and joined the team in 2016. She produces the MHN Daily newsletter, manages byline content, oversees the Research Center for both brands and hosts the Multifamily's Top Marketers podcast. 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