HOUSTON, TX – The Houston and Dallas offices of HFF (Holliday Fenoglio Fowler, L.P.) announced today they have closed the sale of Crossroads Mall, (top left photo) a 742,000-square-foot mall in San Antonio, Texas. HFF senior managing directors Rusty Tamlyn (middle right photo) and Doug Hazelbaker (bottom left photo) led the investment sales team on behalf of the seller, an affiliate of Trammell Crow Company.
A group of San Antonio and Houston investors purchased Crossroads Mall for an undisclosed price.
Crossroads Mall is located on a 36.5-acre site at 4522 Fredericksburg Road close to the Interstate 10 and 410 interchange in northwest San Antonio.
Originally built in 1961, the property is undergoing a remarketing and rebranding effort by the new buyer group.
Current anchor tenants include Burlington Coat Factory, Hobby Lobby, Stein Mart and Jo-Ann Fabrics.
Trammell Crow Company, founded in 1948, is one of the nation’s leading developers and investors in real estate.
It has developed or acquired over 500 million square feet of buildings with a value exceeding $50 billion. As of March 31, 2009, Trammell Crow Company had over $6.9 billion of projects in process or in its pipeline.
Contacts:
Rusty Tamlyn, Senior Managing Director, (713) 852-3500, rtamlyn@hfflp.com
Doug Hazelbaker, Senior Managing Director, (214) 265-0880, dhazelbaker@hfflp.com
Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com
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