Monday, March 13, 2017

HFF arranges $65 million financing for high-end mixed-use property in Houston, TX

CityCentre, Houston, TX

Scott Galloway
HOUSTON, TX, March 13, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged $65 million in interim financing for the 307,509-square-foot retail component of CityCentre, a premier mixed-use urban development in Houston, Texas.

HFF worked on behalf of the borrower, a partnership between Midway and L&B Realty Advisors, to secure financing through JPMorgan and First Tennessee Bank. 

Originally developed by the borrower in 2007, CityCentre comprises retail, office, hotel and residential space surrounded by European-style, open-air plazas and green spaces.

 The retail component is a shopping and entertainment destination lifestyle center that is leased to a variety of high-end national and regional retailers and restaurants, including Studio Movie Grill, west elm, Sur La Table, Eddie V’s, BRIO Tuscan Grille, Charming Charlie, H&M, Urban Outfitters and Anthropologie.

 Located at 800 Town and Country Boulevard, CityCentre is at the southeastern corner of Interstate 10 and Beltway 8 near Houston’s Energy Corridor.  CityCentre is located in one of the wealthiest ZIP codes in Texas, as more than 10,800 residents earning an average annual household income of more than $169,800 live within a one-mile radius of the property.

The HFF debt placement team representing the borrower was led by executive managing director Scott Galloway and managing director Colby Mueck.

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

Kristen Murphy
Director, Public Relations
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
tel 617.848.1572 | cell 617.543.4873 |

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