Thursday, July 27, 2017

HFF arranges $17.729 million financing for retail power center near Dallas, TX

Chris Drew
MIAMI, FL, July 27, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged $17.729 million in post-acquisition financing for Creekwalk Village, a 174,484-square-foot, fully leased retail power center in the north Dallas-area community of Plano, Texas.

HFF worked on behalf of the borrower, an entity controlled by Sterling Organization, to place the loan with Southside Bank.

Creekwalk Village is home to Michaels, Bed Bath & Beyond, Barnes & Noble, Petco, Old Navy, Designer Shoe Warehouse, Plano Urgent Care, Uptown Nail Spa and Hallmark.

 Situated on 14.71 acres at 801 West 15th Street, Creekwalk Village is proximate to Collin Creek Mall and the 180-acre CityLine mixed-use development comprising three million square feet of office and 92,000 square feet of retail space; a Whole Foods Market; 1,700 residential units and 150 hotel rooms. 

Approximately 103,699 residents earning an average estimated annual household income of more than $94,500 live within three miles of the property.

The HFF debt placement team was led by senior managing director Chris Drew, senior director Nat Scarmazzi and director De’On Collins.

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

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

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