{"id":1004455978,"date":"2020-06-12T05:15:37","date_gmt":"2020-06-12T13:15:37","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004455978"},"modified":"2020-06-12T05:15:37","modified_gmt":"2020-06-12T13:15:37","slug":"austin-office-project-lands-27m-construction-loan","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/austin-office-project-lands-27m-construction-loan\/","title":{"rendered":"Austin Office Project Lands $27M Construction Loan"},"content":{"rendered":"<div id=\"attachment_1004455981\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/Red-Bluff-Development.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004455981\" data-attachment-id=\"1004455981\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/austin-office-project-lands-27m-construction-loan\/red-bluff-development\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/Red-Bluff-Development.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;0&quot;}\" data-image-title=\"Red Bluff Development\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Red Bluff Development. &lt;i&gt;Image courtesy of JLL&lt;\/i&gt;&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/Red-Bluff-Development.jpg?w=800\" class=\"wp-image-1004455981 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/Red-Bluff-Development.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/Red-Bluff-Development.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/Red-Bluff-Development.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/Red-Bluff-Development.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004455981\" class=\"wp-caption-text\">Red Bluff Development. <i>Image courtesy of JLL<\/i><\/p><\/div>\n<p>A partnership between HN Capital and Red Bluff Partners has obtained a $26.7 million construction loan for a 91,600-square-foot, Class A office project in Austin, Texas. JLL Capital Markets assisted the borrower in securing the financing package from Bank OZK.<\/p>\n<p>The site is located in a qualified opportunity zone at 4713 E. Cesar Chavez St. Red Bluff Partners acquired the 1-acre land parcel in 2014. The first phase of the project calls for a five-story office building with street-level retail and a parking deck with 269 spaces. In the second phase, the partnership plans to develop a boutique hotel. The property is 4 miles from the Austin-Bergstrom International Airport and 3 miles from the city center.<\/p>\n<p>The brokerage team included JLL Senior Directors Chris McColpin and De\u2019On Collins, Associate Jayme Nelson and Analyst Alastair Barnes. In March, Collins facilitated the acquisition loan for Entrada Partners\u2019 <a href=\"https:\/\/www.commercialsearch.com\/news\/entrada-expands-san-antonio-office-footprint\/\">purchase of Travis Park Plaza<\/a>, a 151,700-square-foot Class A office property in downtown San Antonio.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bank OZK provided the funds for the development of a five-story, 91,600-square-foot office building.<\/p>\n","protected":false},"author":867,"featured_media":1004455981,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21782,21825,21742,21747],"tags":[41597,49561,32796],"class_list":["post-1004455978","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-development","category-finance","category-latest","category-office","tag-bank-ozk","tag-deon-collins","tag-jll"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Austin Office Project Lands $27M Construction Loan - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/austin-office-project-lands-27m-construction-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Austin Office Project Lands $27M Construction Loan\" \/>\n<meta property=\"og:description\" content=\"Bank OZK provided the funds for the development of a five-story, 91,600-square-foot office building.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/austin-office-project-lands-27m-construction-loan\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-12T13:15:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/Red-Bluff-Development.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pavel Cazacu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/austin-office-project-lands-27m-construction-loan\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/austin-office-project-lands-27m-construction-loan\/\",\"name\":\"Austin Office Project Lands $27M Construction Loan - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/austin-office-project-lands-27m-construction-loan\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/austin-office-project-lands-27m-construction-loan\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/Red-Bluff-Development.jpg\",\"datePublished\":\"2020-06-12T13:15:37+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/caac04e9f88552f7c898ba456c2498d8\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/austin-office-project-lands-27m-construction-loan\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/austin-office-project-lands-27m-construction-loan\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/austin-office-project-lands-27m-construction-loan\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/Red-Bluff-Development.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/06\/Red-Bluff-Development.jpg\",\"width\":800,\"height\":620,\"caption\":\"Red Bluff Development. 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