Monday, September 9, 2013

HFF closes sale of and arranges financing for Easton Commons in Houston, TX


Easton Commons, Houston, TX

Rusty Tamlyn
HOUSTON, TX – HFF announced today that it has closed the sale of and arranged financing for Easton Commons, a 193,595-square-foot, grocery-anchored community center in Houston, Texas.

               HFF marketed the property on behalf of the seller, a joint venture between affiliates of The Hutensky Group and an investment account managed by American Realty Advisors.

 NewQuest Epic Investments and an institutional partner purchased the property for an undisclosed amount free and clear of existing debt.  HFF also arranged acquisition financing on behalf of the buyer through BBVA Compass Bank.

Ryan West
Easton Commons is located at the northeast corner of Highway 6 and West Road in Houston’s Copperfield master-planned community.  The center is 86 percent leased and is anchored by Kroger, which just renewed its lease, and Studio Movie Grill.  New ownership intends to remodel the entire center.

               The HFF investment sales team representing the seller was led by senior managing director Rusty Tamlyn, managing director Ryan West and real estate analyst Matt Berry.

Adam F. Herrin
HFF’s debt placement team was led by director Adam Herrin along with senior managing director Andy Scott, director Cameron Cureton and real estate analyst Michael George.

For a complete copy of the company’s news releases, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com


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