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| Market Heights power center, Harker Heights, TX |
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| Doug Hazelbaker |
DALLAS, TX – HFF announced today that it closed
the sale of and arranged financing for Market Heights, a
412,645-square-foot power center in Harker Heights, Texas within the
Killeen-Temple-Fort Hood MSA.
HFF exclusively represented the seller, Direct Development, and procured
the buyer, Cole Credit Property Trust IV, Inc. (CCPT IV). HFF also arranged financing for the buyer
through BofA Merrill Lynch.
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| Jim Batjer |
Completed in 2007, Market Heights is anchored by
national tenants including Ross Dress For Less, Dick’s Sporting Goods, Bed Bath
& Beyond, Barnes & Noble, Cinemark, Old Navy, ULTA and Petco.
The property, shadow-anchored by Target, is
situated on 80 acres at 201 East Central Expressway along State Highway 190
near Fort Hood and in central Texas.
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| Barry Brown |
The HFF investment sales team representing the
seller was led by senior managing directors Doug Hazelbaker, Jim Batjer and
Barry Brown and managing director Ryan Shore.
HFF’s debt placement team was led by senior
managing director Kevin MacKenzie and director Adam Herrin.
“We are very happy to consummate this
transaction with CCPT IV. The closing
process was nearly flawless and the team at Cole proved to be exceptional to
work with,” said David Watson of Direct Development.
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA
02109
tel (main) 617-338-0990 | (direct) 617-338-1572 | cel
617.543.4873 | www.hfflp.com
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