HOUSTON, TX – The Houston office of HFF (Holliday Fenoglio Fowler, L.P.) has arranged a $6.5 million financing for Crossroads Shopping Center, a five-building, 80,440-square-foot community retail center in Beaumont, Texas.HFF managing director Tucker Knight (top right photo) and real estate analyst Steven Gautier worked exclusively on behalf of Wu Investments, a California-based private investor, to secure the five-year, fixed-rate loan through Mercantil Commercebank for the acquisition of the property.
Mercantile Commercebank was represented by Jaime Elmore, vice president of commercial real estate lending. Knight and Gautier also closed the sale of and arranged a $5.76 million financing for Sharpstown Court on behalf of Wu Investments in late February. This is Wu’s second investment in Texas in 2008.
Situated on a
n eight-acre site, Crossroads Shopping Center is located at 4410, 4414, 4420, 4436 and 4438 Dowlen Road directly off of the Eastex Expressway in Beaumont. The property is currently 100% leased to tenants including Stein Mart, Sprint and Morgan Stanley. CONTACTS:
Laurie Fish McDowell
HFF Associate Director, Marketing
One Post Office Square, Suite 3500
HFF Associate Director, Marketing
One Post Office Square, Suite 3500
Boston, MA 02109
tel 617.338.0990
tel 617.338.0990
fax 617.338.2150
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