DALLAS, TX – The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has secured a $10.4 million financing for Red Oak Village, (top left photo) a 176,693-square-foot retail power center in San Marcos, Texas.
Working on behalf of Lincoln Property Company, HFF associate director Travis Anderson placed the 10-year, 5.5% fixed-rate first mortgage with Southwest Bank.
Completed in 2007, Red Oak Village is 87% leased to tenants including Best Buy, Marshalls, Bed Bath & Beyond, PetSmart, Ross Dress for Less and Carl’s Jr.
The property is located at 2233 Interstate 35 South close to Texas State University and the Prime and Tanger Outlets in San Marcos, about halfway between Austin and San Antonio.
Lincoln Property Company is nationally recognized for its full-service, vertically integrated institutional investment and property management platform.
Since 1965, Lincoln has acquired and developed approximately $34.3 billion of residential and commercial property. Lincoln currently maintains a presence in 200 cities in the United States and currently manages over 120 million square feet of commercial properties and 135,000 multi-family units across the country.
Contacts:
Travis Anderson, HFF Associate Director, (214) 265-0880, tanderson@hfflp.com
Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com
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