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| Part of Texas retail portfolio in Houston, Dallas and San Antonio |
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| Michael Tepedino |
NEW YORK, NY –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has arranged a $247.5 million
refinancing for a retail portfolio totaling 20 properties and 2.1 million
square feet in Houston, Dallas and San Antonio, Texas.
HFF worked on behalf of
the borrower, Global Fund Investments, LLC (GFI), to place the long term,
fixed-rate loan with TIAA-CREF. Loan
proceeds were used to refinance existing debt and recapitalize the properties.
The 95-percent-leased
portfolio consists of 20 properties with approximately 414 tenants, including
H.E.B, Kroger, Kohl’s, LA Fitness, Petco, Golfsmith, 24-Hour Fitness, Starbucks
and T.J. Maxx.
Twelve of the retail
centers are in Houston or Houston-area suburbs, including Katy, Missouri City,
Spring and Sugar Land. The Dallas-Fort
Worth area houses seven of the portfolio properties in Arlington (two centers),
DeSoto, Hurst, Plano, Richardson and Southlake.
One of the retail centers is located in San Antonio.
HFF’s debt placement team
was led by senior managing director Mike
Tepedino, managing director Michael
Gigliotti and director Cameron
Cureton.
“TIAA-CREF provided a
comprehensive financing solution to facilitate the recapitalization of a complicated
20-property portfolio,” Gigliotti said.
“GFI brings an impressive depth of experience and high level of
institutional quality to the table, which attracted the lender to the
transaction.”
For a
complete copy of the company’s news release, please contact:
Kristen M. Murphy
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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