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| Ovilla Corners Shopping Center at 109 East Ovilla Road in Red Oak (Dallas) |
DALLAS, TX –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has secured a $20 million refinancing
for a portfolio of eight Walmart shadow-anchored retail strip centers totaling
172,152 square feet in various Texas cities.
HFF worked on behalf of
the borrower, N3 Real Estate, to place the three-year, floating-rate,
non-recourse loan with two one-year extension options with Southside Bank.
Each of the properties is
situated in highly-visible locations along the primary thoroughfare in each
respective town and averages traffic counts of more than 51,000 vehicles per
day.
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| De'On Collins |
Hereford Corners Shopping Center at 701 25 Mile Avenue in Hereford (Texas Panhandle); Hudson Oaks Corners Shopping Center at 200 South Oakridge Drive in Hudson Oaks (Fort Worth);
Ovilla Corners Shopping
Center at 109 East Ovilla Road in Red Oak (Dallas); Sweetwater Corners at 301
Northeast Georgia Avenue in Sweetwater (Abilene); Victoria Corners II at 9104
North Navarro Street and Victoria Corners III at 8806 North Navarro Street in
Victoria (south central Texas).
Shadow anchored by Walmart stores, notable
tenants of the 89.5-percent-leased portfolio includes Dollar Tree, Anytime
Fitness, Sports Clips, GameStop, AT&T, Subway, UPS Store and CATO.
The HFF debt placement
team representing the borrower was led by director De’On Collins.
For a
complete copy of the company’s news release, please contact:
Olivia Hennessey
Public Relations
Specialist
HFF | 9 Greenway Plaza, Suite
700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | hfflp.com
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