IRVINE, CA - HFF announced today that it has secured a $60 million financing for phase five of Southlake Town Square (top centered photo), a Class A entertainment and lifestyle center in Southlake, Texas.
Working on behalf of the borrower, Retail Properties of America, Inc., HFF placed the fixed-rate loan through MetLife Real Estate Investments. The loan has an approximate five-year term and is coterminous and cross-collateralized with the $90 million loan placed on phases one, two, three and seven of the asset in April 2010, which HFF worked to arrange as well.
Southlake Town Square is a mixed-use development that was completed within the last 10 years. The financing is for phase five, which totals 310,711 square feet out of the total 840,288 square feet of the entire Southlake Town Square shopping center.
The master development contains more than 150 tenants including: Harkins Theatre, Cheesecake Factory, The Container Store, Banana Republic, Gap, Victoria’s Secret, Brooks Brothers and a variety of other well-known national brands and restaurants.
Southlake Town Square is situated between Texas Highway 114 and Southlake Boulevard close to the Dallas/Fort Worth International Airport (lower right photo) in Southlake.
The HFF team representing the borrower was led by senior managing director Kevin MacKenzie (top right photo) and associate director Jim Curtin (middle left photo).
Retail Properties of America, Inc. is a fully integrated, self-administered and self-managed real estate company that owns and operates high quality, strategically located shopping centers across 35 states.
The company is one of the largest owners and operators of shopping centers in the United States.
Contacts:
KEVIN C. MACKENZIE
HFF Senior Managing Director
(858) 253-8800
KRISTEN M. MURPHY
HFF Associate Director, Marketing
(713) 852-3500
No comments:
Post a Comment