Tuesday, July 31, 2012

HFF arranges $58.7 million financing for The Forum at Olympia Parkway in suburb of San Antonio, TX




BOSTON, MA – HFF it has arranged a $58.7 million financing for a portion of The Forum at Olympia Parkway (top left photo) a 1.2 million-square-foot power retail center in Selma, Texas.

HFF worked exclusively on behalf of the borrower, an affiliate of AVR Realty Company, LLC, to secure the long-term fixed-rate loan through Northwestern Mutual. 

The Forum at Olympia Parkway is located at the intersection of Interstate 35 and Loop 1604 approximately 17 miles northeast of downtown San Antonio.  Built in 2000, the property included in this transaction totals 510,092 square feet and is currently 99 percent leased. 

Tenants include Bed Bath & Beyond, Ross Dress for Less, Best Buy, PetSmart, Office Max, Old Navy, TJ Maxx and Toys “R” Us.  The center is shadow-anchored by the separately owned retail component with tenants including Target, Home Depot, Kohl’s and Hobby Lobby.

The HFF team representing the borrower was led by director Greg LaBine (lower right photo), managing director Andy Scott and associate director Campbell Roche.

For a complete copy of the company’s news release, please contact:

GREGORY F. LABINE                                  
 HFF Director                                                    
 (617) 338-0990                                                    
                                    
MYRA F. MOREN
HFF Director, Marketing
(713) 852-3500

No comments:

Post a Comment