Tuesday, July 17, 2012

HFF secures $11.76 million financing for Legacy Drive Village in suburb of Dallas, TX



DALLAS, TX – HFF announced  it has secured an $11.76 million financing for Legacy Drive Village (top left photo), a 138,154-square-foot grocery-anchored retail center in Plano, Texas.

HFF worked exclusively on behalf of a Cencor Realty Services joint venture to secure the 10-year, fixed-rate loan through Prudential Mortgage Capital Company.

Legacy Drive Village is located at 7000 Independence Parkway approximately 3.4 miles to the west of North Central Expressway and approximately 4.4 miles to the east of the Dallas North Tollway in Plano.

Built in 1994, the retail center serves a residential population of more than 300,000 within a five-mile radius.  Currently 92 percent leased, the property is anchored by a recently renovated Kroger Signature supermarket.   Other tenants include Domino’s Pizza, Dunkin Donuts, Einstein Brother’s Bagels, Palm Beach Tan and Subway.

The HFF team representing Cencor Realty Services was led by managing director Travis Anderson.

Cencor Realty Services was founded in 1989 as a full-service commercial real estate company specializing in property management, asset management and development services. 

The company has grown from managing five million square feet of space in 1989 to managing a portfolio of more than 21.5 million square feet today.  Cencor is one of the largest retail property management companies in Texas, with space under management throughout Texas’ major market areas in Dallas, Fort Worth, Austin, Houston and San Antonio.

Contacts: 

TRAVIS ANDERSON                                      
 HFF Managing Director                                    
(214) 265-0880                                                   
tanderson@hfflp.com                                          
                
 MYRA F. MOREN
HFF Director, Marketing
(713) 852-3500

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