HOUSTON, TX –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has arranged financing for Pearland Parkway II, a
108,343-square-foot, to-be-built addition to the 165,922-square-foot retail
power center in the Houston suburb of Pearland, Texas.
HFF worked on behalf of
the developer, Stream Realty Partners, L.P., to place the construction loan
with Amegy Bank. Additionally, HFF
arranged mezzanine financing with a major life insurance company.
The Center at Pearland Parkway
was completed in 2014 and is 95 percent leased to national and regional
tenants, including TJ Maxx, Ross Dress for Less, Petco, Palais Royal and
Massage Envy.
Situated at the intersection of Pearland
Parkway and FM 518, Pearland Parkway II is in the primary retail node for the
eastern part of Pearland and approximately 15 miles from downtown Houston.
Within one mile of the
center, there are more than 370 businesses with approximately 3,700 employees
in addition to the 23,974 households within a three-mile radius of the center.
The HFF debt and equity
placement team representing the developer was led by senior managing director Matt Kafka and managing director Colby Mueck.
To learn more about Amegy,
visit www.amegybank.com or call 800-287-0301 for more information. Member
FDIC. Loans subject to credit approval,
terms and conditions apply. NMLS#563474.
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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