8000 Centre Park – Austin, TX

8000 Centre Park is a 61,785 square foot office building located in northeast Austin.  MCA’s principals purchased the property with the business plan of leasing the current vacancy and ultimately selling the asset.  With the downturn in leasing activity, ownership has had to adjust its expectations to holding the asset for a longer duration than originally planned.  The ownership was able to refinance maturing debt at an extremely challenging time in the debt markets and continues to stabilize the asset.