Sunday, October 18, 2015

HFF secures CMBS refinancing for Houston, TX power center

Northline Commons, 4400 North Freeway (Interstate 45), Houston, TX

Tyler Ford
CHARLOTTE, NC –  Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured a senior loan for the refinance of Northline Commons, a 472,443-square-foot power center in northern Houston, Texas.

HFF worked on behalf of the borrower, an affiliate of North American Development Group, to place the 10-year, fixed-rate loan with Wells Fargo Bank.

Constructed between 2007 and 2009, the 91-percent-leased Northline Commons consists of one main building, five smaller buildings and four outparcel pads situated on 47.66 acres.

 The center is home to major tenants, Burlington Coat Factory, Ross Dress for Less, Five Below, Palais Royal, Conn’s, Marshalls and national and regional shop tenants, including GNC, Foot Locker, Image Shots, Baskin Robbins, The Children’s Place and Nails Club. 

Additionally, the center’s outparcel pads are leased to Pappas Bar-B-Q, IHOP, Ojos Locos Sports and Chick-fil-A. 

 Located at 4400 North Freeway (Interstate 45) in northern Houston, Northline Commons is on one of the most travelled Houston thoroughfares with approximately 300,000 vehicles per day.  The center is also on Houston’s North Line Light Rail, which is an extension of the Red Line that connects downtown Houston and the Medical Center area.

The HFF debt placement team representing the borrower was led by senior managing director Travis Anderson and associate directors Cory Fowler and Tyler Ford

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 |

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