Virtua Partners Completes $41 million Refinancing and Recapitalization of Austin, TX Office Property – Met Center 15

Virtua Partners Completes $41 million Refinancing and Recapitalization of Austin, TX Office Property – Met Center 15

Press Releases, Resources
SCOTTSDALE, Ariz.--(February 20, 2020)--Virtua Partners (together with its affiliates, “the firm”) today announced the successful refinancing of Met Center 15, a 257,600 square foot office and flex commercial project in Austin, TX. The refinancing was made possible through the recent renewal of a key lease facilitated by the efforts of Clear Vista Management, a Virtua Partners affiliate. The refinancing enabled the project to reduce carrying costs by taking advantage of current interest rates and retiring unsecured debt and preferred equity. Met Center 15 is currently a 100% leased and stabilized property occupied by corporate tenants that boast strong credit profiles. The property is located south of the Austin Central Business District, near the Austin-Bergstrom International Airport. “Of all of our recapitalization and refinancing efforts, this project really shows what our…
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