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| The District at Green Valley Ranch, Henderson, NV |
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| Aldon Cole |
LOS ANGELES, CA – Holliday
Fenoglio Fowler, L.P. (HFF) announced it has secured $72 million in acquisition
financing for The District at Green
Valley Ranch, a 383,724-square-foot, mixed-use, retail and office center in
the Las Vegas suburb of Henderson, Nevada.
HFF worked on behalf of
the borrower, Vestar, to secure the 10-year, fixed-rate loan with AIG
Investments. Loan proceeds were used to
purchase the property.
Anchored by a
51,300-square-foot Whole Foods Market, The District at Green Valley Ranch, or
The District, is 91 percent leased to 70 retailers, including REI, Pottery
Barn, Williams-Sonoma, West Elm, Anthropologie, The Cheesecake Factory and P.F.
Chang’s.
The open-air,
pedestrian-friendly center has 77,284 square feet of boutique office space on
the top two floors. Developed in two
phases in 2004 and 2005, the center hosts musical and movie performances on a
weekly basis on its promenade and green spaces for shoppers, visitors and The
District’s 88 condominium units, which are not included in the financing.
Located at 2240 Village
Walk Drive, The District at Green Valley Ranch is situated within Henderson’s
first master planned community, Green Valley, home to more than 75,000
residents. The center is 10 miles from
the Las Vegas strip along Interstate 215 at South Green Valley Parkway, which
bisects the center.
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| Todd Sugimoto |
It is adjacent to the AAA Four Diamond
award-winning Green Valley Ranch Resort and Spa, a 10-screen Regal Cinemas and
the 4,000-seat Henderson Pavilion performance venue.
The HFF debt placement
team representing the borrower was led by senior managing director Aldon Cole and managing director Todd Sugimoto.
“Vegas has made a robust
recovery in recent years, and has finally begun to garner more and more life
company interest,” Cole said.
For a complete copy of the company’s news release,
please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
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