HFF secures $7.5 million refinancing for Homestead Shopping Center in suburb of Austin, TX

DALLAS, TX – HFF announced  it has secured a $7.5 million refinancing for Homestead Shopping Center (top left photo), an 88,829-square-foot retail center in Cedar Park, Texas.

HFF worked exclusively on behalf of Cencor Realty Services and their affiliate, The Weitzman Group, to secure the five-year, 5.5 percent fixed-rate loan through ViewPoint Bank.

Homestead Shopping Center is located at the northwest corner of Highway 183 and Lakeline Mall Boulevard proximate to Lakeline Mall.  Built in 1999, the retail center serves a residential population of more than 189,000 within a five-mile radius, with a median household income of $92,000.  The property is anchored by Petco, Barnes & Noble and Pier 1 Imports, and is 96 percent leased. 

The HFF team representing Cencor Realty Services was led by managing director Travis Anderson (lower right photo).

For more information, please visit www.viewpointbank.com or www.viewpointfinancialgroup.com.

Contacts:   

            

TRAVIS ANDERSON                                    

 HFF Managing Director                                

 (214) 265-0880                                                   

tanderson@hfflp.com                                       

KRISTEN MURPHY

HFF Associate Director, Marketing

(713) 852-3500

krmurphy@hfflp.com