Thursday, January 17, 2013

HFF arranges $7.17 million in first lien financing for Hulen Fashion Center in Fort Worth, TX



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

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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