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| CityCentre, Houston, TX |
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| Scott Galloway |
HOUSTON, TX, March 13,
2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has
arranged $65 million in interim financing for the 307,509-square-foot retail
component of CityCentre, a premier
mixed-use urban development in Houston, Texas.
HFF worked on behalf of
the borrower, a partnership between Midway and L&B Realty Advisors, to
secure financing through JPMorgan and First Tennessee Bank.
Originally developed by
the borrower in 2007, CityCentre comprises retail, office, hotel and
residential space surrounded by European-style, open-air plazas and green
spaces.
The retail component is a shopping and
entertainment destination lifestyle center that is leased to a variety of
high-end national and regional retailers and restaurants, including Studio
Movie Grill, west elm, Sur La Table, Eddie V’s, BRIO Tuscan Grille, Charming
Charlie, H&M, Urban Outfitters and Anthropologie.
Located at 800 Town and Country Boulevard,
CityCentre is at the southeastern corner of Interstate 10 and Beltway 8 near
Houston’s Energy Corridor. CityCentre is
located in one of the wealthiest ZIP codes in Texas, as more than 10,800
residents earning an average annual household income of more than $169,800 live
within a one-mile radius of the property.
The HFF debt placement
team representing the borrower was led by executive managing director Scott Galloway and managing director Colby Mueck.
For a complete copy of the company’s news release,
please contact:
Kristen Murphy
Director, Public Relations
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
tel 617.848.1572 | cell
617.543.4873 | www.hfflp.com
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