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| 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.
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| 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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