KFG Bets on Round Rock
- Aug 20, 2015
KFG Investment Co. is betting big on Austin’s industrial market.
The California-based private company recently enlisted HFF to obtain $10 million in financing for a three-building industrial portfolio in Round Rock, about 19 miles north of Austin.
An HFF debt placement team led by senior managing director Mona Carlton and associate director Chad Russell worked on behalf of KFG to secure a 12-year, fixed-rate loan through Tennessee-based Unum Life Insurance Co. The portfolio totals 171,058 square feet of industrial/flex space and includes the following properties:
- AmoRon 6, located at 800 Paloma Drive. The 30-year-old asset totals 51,928 square feet.
- Oakmont, a 61,542-square-foot building located at 2711 Oakmont. It was completed in 2002.
- Corridor Park Pointe, Building E. Located at 100 Michael Angelo Way, the 61,766-square-foot facility was built in 1999.
According to the broker, loan proceeds will be used to secure the purchase of AmoRon 6 and to refinance Oakmont and Corridor Park.
Image courtesy of CBRE