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| John Brownlee |
DALLAS, TX – HFF announced today that it has arranged $7.17
million in first lien financing for the acquisition of Hulen Fashion Center,
a 181,099-square-foot retail strip center in Fort Worth, Texas.
Working on behalf of a group of investors represented by Venture
Commercial and E&B Investment Trust, HFF placed the three-year
floating-rate loan with Bank of Texas, N.A.
The HFF team representing the borrower was led by senior
managing director John Brownlee and associate director Campbell Roche
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| Hulen Fashion Center, Fort Worth, TX |
Bryan Cornelius, Easley Waggoner and John Zikos
of Venture Commercial represented the buyer in the transaction. Brandon Beeson of EDGE Realty
Partners represented the seller. Bank
of Texas was represented by Mack Haisten.
Hulen
Fashion Center is situated on a 12.9-acre site at 5200 South Hulen Street, one
block south of the Hulen Mall in Fort Worth.
The property is subject to a master ground lease with 47 years remaining
on the lease term. Hulen Fashion Center
is 89 percent leased to major tenants including Jo Ann Stores, Chili’s
Restaurant and Men’s Wearhouse.
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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