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| Hazel Dell Town Center, Vancouver, WA |
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| Bruce Ganong |
SAN FRANCISCO, CA–
Holliday Fenoglio Fowler, L.P. (HFF) announced it arranged $24.8 million in
proceeds to finance Hazel Dell Towne
Center, a 264,191-square-foot retail center in Vancouver, Washington.
HFF worked on behalf of
the sponsor, Pine Tree Commercial Realty, LLC, to place the five-year,
floating-rate loan with East West Bank.
Situated on 41.7 acres,
Hazel Dell Towne Center is visible from Interstate 5, which runs directly into
Portland, Oregon, across the Columbia River.
Built between 2005 and 2007, the 84-percent-leased center is home to a
variety of national and local tenants, including Kohl’s, Bed Bath & Beyond,
Petco, Office Depot, Party City, Payless ShoeSource, Supercuts and a Target
shadow-anchor.
The HFF debt placement
team representing the sponsor was led by senior managing director Bruce Ganong, managing director Casey Davidson and associate director Brandon Roth.
“Hazel Dell benefits from
a prominent location along Interstate 5 with excellent visibility,” Roth
said. “Pine Tree has maintained an
institutional quality asset since first acquiring the property in 2007, and the
new loan provided by East West Bank positions the center to achieve its full
potential.”
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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