Wednesday, November 4, 2015

HFF secures $72 million financing for Whole Foods-anchored lifestyle center near Las Vegas

The District at Green Valley Ranch, Henderson, NV

Aldon Cole
LOS ANGELES, CA – Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured $72 million in acquisition financing for The District at Green Valley Ranch, a 383,724-square-foot, mixed-use, retail and office center in the Las Vegas suburb of Henderson, Nevada.

HFF worked on behalf of the borrower, Vestar, to secure the 10-year, fixed-rate loan with AIG Investments.  Loan proceeds were used to purchase the property.

Anchored by a 51,300-square-foot Whole Foods Market, The District at Green Valley Ranch, or The District, is 91 percent leased to 70 retailers, including REI, Pottery Barn, Williams-Sonoma, West Elm, Anthropologie, The Cheesecake Factory and P.F. Chang’s. 

The open-air, pedestrian-friendly center has 77,284 square feet of boutique office space on the top two floors.  Developed in two phases in 2004 and 2005, the center hosts musical and movie performances on a weekly basis on its promenade and green spaces for shoppers, visitors and The District’s 88 condominium units, which are not included in the financing. 

Located at 2240 Village Walk Drive, The District at Green Valley Ranch is situated within Henderson’s first master planned community, Green Valley, home to more than 75,000 residents.  The center is 10 miles from the Las Vegas strip along Interstate 215 at South Green Valley Parkway, which bisects the center.

Todd Sugimoto
 It is adjacent to the AAA Four Diamond award-winning Green Valley Ranch Resort and Spa, a 10-screen Regal Cinemas and the 4,000-seat Henderson Pavilion performance venue.

The HFF debt placement team representing the borrower was led by senior managing director Aldon Cole and managing director Todd Sugimoto.

“Vegas has made a robust recovery in recent years, and has finally begun to garner more and more life company interest,” Cole said.

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

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

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