November 29, 2016
HFF arranged $32.5 million in acquisition financing on behalf of Fidelis Realty Partners. The loan allowed Fidelis to acquire the 641,000-square-foot Rayzor Ranch Marketplace on 2750 W. University Dr. in Denton, TX from RED Development.
The 10-year, fixed-rate loan was placed with Sentinel Asset Management. HFF will service the loan, which is for 251,741 square feet of the center, excluding shadow anchors. Jim Curtain led the HFF debt placement team in the transaction.
Rayzor Ranch Marketplace, which delivered in 2008, is an outdoor shopping center 100% leased to Academy Sports + Outdoors, Ross Dress for Less, Guitar Center, Boot Barn, Jo-Ann Fabric & Craft Store, Petco, HCA Healthcare, Dickey’s Barbeque Pit, Famous Footwear and Five Below. Walmart, Sam’s Club and Kohl’s are the shadow anchors.
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