LOS ANGELES, CA – HFF announced today that it has arranged
$23.2 million in financing for Scottsdale
Horizon (top left aerial photo), a 154,766-square-foot, neighborhood
shopping center in Scottsdale, Arizona.
Working on behalf of a private real estate fund advised by
Crow Holdings Capital Partners, L.L.C., HFF placed the five-year, fixed-rate
loan with a correspondent life insurance company. Loan proceeds were used to acquire the property. HFF will also service the loan.
Scottsdale Horizon is located at 14850 N. Frank Lloyd Wright Boulevard,
less than one mile from the Loop 101 Freeway and adjacent to the Scottsdale
Airpark in northern Scottsdale.
Completed in 1997, the property is 95 percent leased and anchored by
Safeway Food and Drug and CVS/Pharmacy.
Additional tenants include Chase Bank, H&R Block, Supercuts, Massage
Envy, Jack in the Box, Panda Express and Bank of America.
The HFF team representing the borrower was led by senior
managing director Paul Brindley (lower right photo).
For a complete copy
of the company’s news release, please contact:
KRISTEN MURPHY
HFF Associate Director, Marketing
(713) 852-3500
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