Friday, July 28, 2017

HFF secures $20 million refinancing for Eight-property retail portfolio in Texas

Ovilla Corners Shopping Center at 109 East Ovilla Road in Red Oak (Dallas)

DALLAS, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured a $20 million refinancing for a portfolio of eight Walmart shadow-anchored retail strip centers totaling 172,152 square feet in various Texas cities.

HFF worked on behalf of the borrower, N3 Real Estate, to place the three-year, floating-rate, non-recourse loan with two one-year extension options with Southside Bank. 

Each of the properties is situated in highly-visible locations along the primary thoroughfare in each respective town and averages traffic counts of more than 51,000 vehicles per day. 

De'On Collins
The portfolio comprises Alamo Corners Shopping Center at 1449-1451 West Duranta Avenue in Alamo (southwest Texas); Dumas Corners Shopping Center at 2025 South Dumas Avenue in Dumas (Texas Panhandle); 

Hereford Corners Shopping Center at 701 25 Mile Avenue in Hereford (Texas Panhandle); Hudson Oaks Corners Shopping Center at 200 South Oakridge Drive in Hudson Oaks (Fort Worth);

Ovilla Corners Shopping Center at 109 East Ovilla Road in Red Oak (Dallas); Sweetwater Corners at 301 Northeast Georgia Avenue in Sweetwater (Abilene); Victoria Corners II at 9104 North Navarro Street and Victoria Corners III at 8806 North Navarro Street in Victoria (south central Texas).

 Shadow anchored by Walmart stores, notable tenants of the 89.5-percent-leased portfolio includes Dollar Tree, Anytime Fitness, Sports Clips, GameStop, AT&T, Subway, UPS Store and CATO.

The HFF debt placement team representing the borrower was led by 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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