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| Ruisseau Village, 3303--3309 North Central Expressway, Plano, TX |
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| Kevin Mackenzie |
IRVINE, CA – Holliday
Fenoglio Fowler, L.P. (HFF) announced it has arranged $10.15 million in first
lien financing for the acquisition of Ruisseau
Village, a 124,567-square-foot neighborhood retail center in Plano, Texas.
HFF worked on behalf of
the borrower, a private real estate investor, to place the 10-year, fixed-rate
loan through Morgan Stanley Bank, N.A.
Located at 3303-3309 North
Central Expressway, Ruisseau Village is situated on 12.615 acres in Plano, the
fourth largest city in northern Texas.
The center is positioned at the northwest
corner of West Parker Road and North Central Expressway, which connects Plano
to downtown Dallas and is one of the main thoroughfares in the Dallas-Fort
Worth Metroplex.
Ruisseau Village is near
numerous residential neighborhoods and is three miles south of CityLine Plaza,
a new 2.3 million-square-foot mixed-use residential, retail and hotel
development that is being constructed.
Renovated most recently in
2014, the center consists of two single-story buildings leased to Top Golf,
Hertz, Boxes to Go, Monarch Dental, Jazzercise, Kelly Moore Paints, The Mum
Shop, Rover Dramawerks and a variety of restaurants, including Bavarian Grill
and A-Star Buffett. The center is
shadow-anchored by Burlington Coat Factory.
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| Greg Brown |
The HFF debt placement
team representing the borrower consisted of senior managing director Kevin Mackenzie, associate director Greg Brown and director Jim Curtin.
“We were very happy to
secure excellent fixed-rate financing terms on behalf of our client during a
tumultuous time in the capital markets,” Brown said.
“HFF worked closely with the lender in order to
provide the structure needed for the borrower to execute its business plan and
closed per the terms in the initial application despite market volatility.”
For a complete copy of the company’s news release,
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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