September 1, 2020
Cushman & Wakefield advised Taconic Capital Advisors in obtaining a $190-million bridge loan to refinance International Plaza I & II in Farmers Branch, within the Far North Dallas district. The five-year, floating rate loan was originated by CIM Group.
A Cushman & Wakefield Equity, Debt & Structured Finance team of Rob Rubano, Greg Napper and Brian Share represented Taconic.
“Taconic has done a great job of positioning the asset over the last two years, as evidenced by continued strong tenant demand for the building,” said Rubano. “The ability for CIM to underwrite a whole loan financing of this size in the current market environment speaks to the quality of the asset and the strength of Taconic as a borrower.”
Totaling more than 780,000 square feet, International Plaza I & II, located at 14201 N Dallas Pkwy. and 14221 N Dallas Pkwy., respectively, are anchored by Tenant Healthcare and Trinity Industries.
For comments, questions or concerns, please contact Paul Bubny