Monday, April 30, 2012

HFF secures $10 million refinancing for retail center in Houston, TX



AUSTIN, TX – HFF announced today that it has secured a $10 million refinancing for 610 & San Felipe Shopping Center (top left photo), a 59,873-square-foot retail center in Houston, Texas.

HFF worked on behalf of the borrower, 610 & San Felipe, Inc. to secure the 20-year, fixed-rate loan through Lincoln Financial Group.  HFF will also service the loan.

610 & San Felipe Shopping Center is located at the northeast corner of Loop 610 and San Felipe in Houston’s Galleria area.  Built in 1998, the property is anchored by Ashley Furniture and is currently 100 percent leased.  Other tenants include David’s Bridal, Starbucks, Antone’s and Jack in the Box.

The HFF team representing 610 & San Felipe, Inc. was led by associate director Robert Wooten (lower right photo)

The borrower, 610 & San Felipe, Inc., is owned by Cam Allard, a Canadian-based real estate investor, who has developed, managed and leased office, retail, apartment and residential communities across the US and Canada.

Contacts:                     

ROBERT B. WOOTEN                                   
HFF Associate Director                               
(512) 532-1900                                                   
rwooten@hfflp.com                                          

KRISTEN M. MURPHY
HFF Associate Director, Marketing
(713) 852-3500

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