Sunday, April 17, 2016

HFF arranges financing for ground-up retail development near Houston, TX



 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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