DALLAS, TX – HFF announced today that it has arranged $5.1 million in first lien financing for the refinance of Southcross Plaza (top left photo), a 34,051-square-foot retail center in Austin, Texas.
HFF worked exclusively on behalf of Cencor Realty Services to secure the five-year, 4.85 percent, fixed-rate loan through First National Bank & Trust of McAlester. The loan’s interest rate will reset at the end of year five for an additional five years.
Southcross Plaza is located at 3601 West William Cannon Drive across the street from H-E-B in southwest Austin. Completed in 1999, the property is fully leased to several tenants including State Farm Insurance, Thundercloud Subs and Texas State Optical.
The HFF team representing Cencor Realty Services was led by director Travis Anderson (middle right photo).
Cencor Realty Services was founded in 1989 as a full-service commercial real estate company specializing in property management, asset management, development and construction services.
The company has grown from managing five million square feet of space in 1989 to managing a portfolio of more than 20.4 million square feet today. Cencor is one of the largest retail property management companies based in Texas with space under management throughout Texas’ major market areas in Dallas, Fort Worth, Austin, Houston and San Antonio.
Contact:
TRAVIS ANDERSON KRISTEN MURPHY
HFF Director HFF Associate Director, Marketing
(214) 265-0880 (713) 852-3500
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