Tuesday, February 25, 2014

HFF secures debt financing for Casa Linda Plaza Shopping Center in Dallas, TX


Casa Linda Plaza Shopping Center, 9440 Garland Road, Lakewood area, Dallas, TX

DALLAS, TX - HFF announced it has secured mortgage financing for Casa Linda Plaza Shopping Center, a 326,868-square-foot, grocery-anchored retail center in Dallas’ Lakewood area.

Adam Herrin
Working on behalf of the borrower, AmREIT Casa Linda, LP, HFF placed the four-year, floating-rate loan with GE Capital Real Estate. 

  AmREIT Casa Linda, LP utilized the new loan to refinancing an existing CMBS loan that matured in December, as well as for capital to lease up the remaining vacant space at the shopping center.  

Casa Linda Plaza is located at 9440 Garland Road at the intersection of Garland Road and North Buckner Boulevard in the growing area of Lakewood in East Dallas. 

Originally built in 1945, the property is the second oldest shopping center in Dallas and is 84 percent leased to tenants including Albertson’s, Pei Wei, Starbucks, Torchy’s Tacos, Petco and Wells Fargo. 

Fueled by population growth and a strategic leasing plan, the center has enjoyed tremendous success in leasing up in the past 24 months.   New tenants include Torchy’s, Pei Wei, Raising Cane’s, Nothing Bundt Cakes, and more.  

The HFF debt placement team was led by director Adam Herrin. 
  
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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