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| 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.
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| 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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