 |
| Jim Curtin |
DALLAS, TX – HFF announced today
that it has arranged $45 million in post-closing acquisition financing for The
Family Center at Taylorsville, an approximately 779,000-square-foot
regional power center in Taylorsville, Utah, a Salt Lake City suburb.
Working on behalf of TriGate Capital, HFF placed
the three-year, floating-rate loan with Wells Fargo Bank. Loan proceeds were used to facilitate the acquisition
of the shopping center.
The Family Center at Taylorsville is situated on
68.36 acres at 5400 South and Redwood in Taylorsville, a suburb less than nine
miles south of downtown Salt Lake City.
The center is leased to Jo-Ann Fabrics & Craft, Ross Dress for Less,
Pet Smart, 24-Hour Fitness, Shopko, Guitar Center, Texas Roadhouse, Jamba Juice
and Chick-fil-A, among other tenants.
The HFF team representing the borrower was led by
associate director Jim Curtin.
TriGate Capital, LLC is a market leading real estate
private equity firm focused on the recapitalization and repositioning of real
estate assets and companies. TriGate
seeks to identify and invest in opportunities that require new capital to solve
capital structure issues or to further an asset or company business plan.
The firm manages two fully
discretionary real estate funds, TriGate Property Partners, LP (Fund I) and
TriGate Property Partners II, LP (Fund II), which are the vehicles through
which TriGate conducts its investment strategy.
Fund I is fully invested and Fund II is presently in its
investment period. For further information, please visit
www.trigatecapital.com.
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) 617-848-1572 | cel 617.543.4873 |
www.hfflp.com
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