MIG Real Estate recently acquired a 13 building, 42-acre Austin business park for $67.1 million with the help of a loan secured by CBRE. A team led by Bill Chiles secured the five-year, non-recourse, floating rate loan to complete the sale. The Braker Business Park includes 547,395 sq ft of flex and research and development buildings as well as one retail center located at 1910 West Braker Lane which is fully leased and was built in 2000.
MIG already owned three buildings within this business park prior to this acquisition which were purchased in September 2016. This property is conveniently located near MoPac providing easy access to downtown Austin and the Austin-Bergstrom International Airport while also being close to The Domain office center just north of it .
