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HFF Secures $247.5 Million Refinancing for Retail Properties in Texas

Friday, January 29, 2016

Texas Retail PortfolioHFF has recently secured 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, 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 retail portfolio consists of 20 properties and features:

  • Approximately 414 tenants, including H.E.B, Kroger, Kohl’s, LA Fitness, Petco, Golfsmith, 24-Hour Fitness, Starbucks and T.J. Maxx
  • Twelve retail properties in Houston or Houston-area suburbs, including Katy, Missouri City, Spring and Sugar Land
  • Seven retail properties in Dallas-Fort Worth area, including Arlington (two centers), DeSoto, Hurst, Plano, Richardson and Southlake
  • One retail property in San Antonio

The HFF debt placement team was led by senior managing director Mike Tepedino, managing director Michael Gigliotti and director Cameron Cureton.

HFF Houston is a leader in the Houston commercial real estate capital markets industry and has been recognized by the Houston Business Journal as a Top Commercial Real Estate Brokerage firm. Additionally, the firm has been recognized as the No. 1 Capital Markets Intermediary in Houston during 2014 by Mortgage Bankers Association, and a CoStar Power Broker 2014.

HFF Dallas has served the Dallas-Fort Worth commercial real estate capital markets industry for 25 years and has been recognized as one of the Best Companies to work for in the state by Texas Monthly. Additionally, the firm has been recognized as the No. 1 Capital Markets Intermediary in Dallas-Fort Worth during 2014 by Mortgage Bankers Association, and a CoStar Power Broker 2014.

About Global Fund Investments, LLC

Global Fund Investments, LLC (GFI) is a real estate investment company headquartered in South Florida. GFI acquires, develops, redevelops, manages, leases and finances retail shopping centers across the Southeastern United States, with a core focus on Florida, Texas and Georgia. To learn more about GFI, please visit the company’s website at www.gfinvestments.com.





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