Saturday, February 22, 2014

HFF arranges joint venture equity and construction financing for the Center at Pearland Parkway in Pearland, TX


Rendering of the planned Center at Pearland Parkway, Pearland, TX


HOUSTON, TX – HFF announced it has arranged joint venture equity and construction financing for the Center at Pearland Parkway, a 165,000-square-foot, Class A, power center development in Pearland, Texas.

               HFF worked exclusively on behalf of the developer, Stream Realty Partners, to arrange a joint venture with Dallas-based Thackeray Partners.  In addition, HFF secured a construction loan through Bank of the Ozarks. 

               The Center at Pearland Parkway is situated on a 27-acre site at the northwest quadrant of FM 518 and Pearland Parkway, southeast of Houston’s central business district.

  Due for completion in fourth quarter 2014, the property is positioned adjacent to a 146,000-square-foot Lowe’s and will be shadow-anchored by a new HEB grocery store scheduled to open this spring.  The property is pre-leased to national tenants including TJ Maxx and Ross Dress for Less.

Colby Muek
The HFF team was led by managing director Matt Kafka, director Colby Mueck and real estate analyst Will Crawley.

Stream Realty Partners (Stream Realty) is one of the fastest growing leasing and management companies in the nation, with more than 100 million square feet of office, industrial and retail assignments, resulting in more than $1 billion in real estate transactions annually.

 Founded in 1996, Stream Realty has grown from its two original partners to a staff of more than 450 real estate professionals that share one common goal: to provide an unequaled level of service to our clients.

 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
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

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