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| 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.
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| 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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