NorthMarq completes $64.5 million refinance of iconic SXSW Center in Austin, Texas

SXSW Center

Debt & Equity

Multi-Tenant

AUSTIN, TEXAS (February 13, 2020) – Jim Lemos, senior vice president/senior director of NorthMarq’s Austin office arranged financing of $64.5 million for the SXSW Center. The 143,998 sq. ft. office property is located at 1400 Lavaca Street in Austin, Texas.

“SXSW founded here in 1986 is an iconic brand focused on music, film, interactive gaming and social media. The new SXSW HQ affords them and their clients world class creative and collaborative space.“

Financing Details:
- 26-year fixed-rate fully amortizing loan
- NorthMarq arranged the permanent-fixed rate loan through its correspondent relationship with Pacific Life Insurance Company.

Property Details:
- SXSW Center is a 13 story Class A LEED certified office building designed by world-famous architect Pei Cobb Freed.
- The building’s Class A finishes, inter-activate lobby, unique column free-layout, and rooftop garden/event space provide a one-of-a-kind environment for tenants and visitors.
- SXSW Center is conveniently located in the CBD near the State Capitol, DELL Medical School and the University of Texas campus.
- Electric car charging stations are available in the attached 300-space parking garage.

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About Northmarq

Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.