{"id":1004354852,"date":"2019-09-24T22:09:52","date_gmt":"2019-09-25T06:09:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004354852"},"modified":"2021-05-10T02:06:34","modified_gmt":"2021-05-10T10:06:34","slug":"mesa-west-provides-72m-loan-for-dallas-area-office-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/mesa-west-provides-72m-loan-for-dallas-area-office-campus\/","title":{"rendered":"Mesa West Provides $72M Loan for Dallas-Area Office Campus"},"content":{"rendered":"<div id=\"attachment_1004354855\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Legacy-Place-e1569337914246.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004354855\" data-attachment-id=\"1004354855\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/mesa-west-provides-72m-loan-for-dallas-area-office-campus\/legacy-place\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Legacy-Place-e1569337914246.jpg\" data-orig-size=\"1335,1001\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;8&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 5D&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1211112373&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;28&quot;,&quot;iso&quot;:&quot;250&quot;,&quot;shutter_speed&quot;:&quot;0.008&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Legacy Place\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Legacy Place. Image courtesy of Mesa West Capital &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Legacy-Place-e1569337914246.jpg?w=1024\" class=\"wp-image-1004354855 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Legacy-Place-e1569337914246.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Legacy-Place-e1569337914246.jpg 1335w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Legacy-Place-e1569337914246.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Legacy-Place-e1569337914246.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Legacy-Place-e1569337914246.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004354855\" class=\"wp-caption-text\">Legacy Place. <em>Image courtesy of Mesa West Capital<\/em><\/p><\/div>\n<p>Mesa West Capital has originated a $72.1 million, five-year non-recourse loan for the acquisition of Legacy Place in Plano, Texas. Yardi Matrix data shows that Equus Capital Partners purchased the 300,000-square-foot office park from L&amp;B Realty Advisors. The new owner intends to perform capital improvements to the buildings&#8217; lobbies and common areas, add hospitality-style amenities, modernize the elevator and install new HVAC systems.<\/p>\n<p>Located at 5700-5800 Tennyson Parkway, the portfolio is close to both residential properties and other office spaces and is roughly 23 miles from downtown Dallas. The two identical six-story buildings were completed in 1998, comprise 27,000-square-foot floorplates and include two parking structures on a 15.3-acre site. At the time of sale, the property was 87.7 percent leased. Per Yardi Matrix data, the tenant roster includes Huawei Technologies, Old Republic Title and Barings Multifamily Capital. &nbsp;&nbsp;&nbsp;<\/p>\n<p>This March, Mesa West Capital also&nbsp;<a href=\"https:\/\/www.commercialsearch.com\/news\/atlanta-hotel-lands-31m-refi\/\">originated a $31 million refinancing loan<\/a> for Olshan Properties. The proceeds went towards retiring existing financing, repatriate sponsor equity and cover the closing costs and financing fees.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Equus Capital Partners purchased the 300,000-square-foot Legacy Place and intends to renovate the property&#8217;s two identical buildings.  <\/p>\n","protected":false},"author":748,"featured_media":1004354855,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21743,21825,21742,21747],"tags":[33346,37531,33240],"class_list":["post-1004354852","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-deals","category-finance","category-latest","category-office","tag-equus-capital-partners","tag-lb-realty-advisors","tag-mesa-west-capital"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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