Thursday, January 24, 2013

HFF arranges $33 million refinancing for Shops at Arbor Trails in Austin, TX



Shops at Arbor Trails, Austin, TX
AUSTIN, TX – HFF announced today that it has arranged a $33 million refinancing for the Shops at Arbor Trails, a 357,168-square-foot grocery-anchored retail center in Austin, Texas. 

HFF worked on behalf of Christopher Commercial, Inc. to secure the seven-year, 3.07 percent, fixed-rate loan through Principal Real Estate Investors.

The Shops at Arbor Trails is located at the intersection of 4301 West William Cannon Drive and South Mopac Expressway in southwest Austin.  

Douglas Opalka
Completed in 2010, the property is fully leased and anchored by Whole Foods Market.  Other tenants include Costco, Havertys Furniture and Staples.

The HFF team representing the borrower was led by senior managing director Doug Opalka and real estate analyst Patrick McCord.  This is the second transaction HFF’s Austin office has completed on behalf of the borrower since December 2012.

We simply could not be more pleased with the quality of work performed not only by Doug and Patrick but all of the folks over at HFF during the past few months.  They have been on top of our deals from day one and we always were made to feel like we were their only client,” commented Daniel P. Myrick, vice president and general counsel at Christopher Commercial.

Christopher Commercial is a locally-run, family company that owns and operates retail shopping centers in Austin, Texas.

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

Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com

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