Thursday, January 28, 2016

$247.5 million refinancing secured by HFF for 20-property retail portfolio in Houston, Dallas and San Antonio, TX

Part of Texas retail portfolio in Houston, Dallas and San Antonio

Michael Tepedino
NEW YORK, NY –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged a $247.5 million refinancing for a retail portfolio totaling 20 properties and 2.1 million square feet in Houston, Dallas and San Antonio, Texas.

HFF worked on behalf of the borrower, Global Fund Investments, LLC (GFI), to place the long term, fixed-rate loan with TIAA-CREF.  Loan proceeds were used to refinance existing debt and recapitalize the properties.

The 95-percent-leased portfolio consists of 20 properties with approximately 414 tenants, including H.E.B, Kroger, Kohl’s, LA Fitness, Petco, Golfsmith, 24-Hour Fitness, Starbucks and T.J. Maxx. 

Twelve of the retail centers are in Houston or Houston-area suburbs, including Katy, Missouri City, Spring and Sugar Land.  The Dallas-Fort Worth area houses seven of the portfolio properties in Arlington (two centers), DeSoto, Hurst, Plano, Richardson and Southlake.  One of the retail centers is located in San Antonio.

HFF’s debt placement team was led by senior managing director Mike Tepedino, managing director Michael Gigliotti and director Cameron Cureton.

“TIAA-CREF provided a comprehensive financing solution to facilitate the recapitalization of a complicated 20-property portfolio,” Gigliotti said.  “GFI brings an impressive depth of experience and high level of institutional quality to the table, which attracted the lender to the transaction.”

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

Kristen M. Murphy
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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