January 20, 2016
Holliday Fenoglio Fowler (HFF), working on behalf of Global Fund Investments LLC, has arranged $247.5 million in refinancing for a retail portfolio consisting of 20 properties and 2.1 million square feet in Houston, Dallas, and San Antonio, TX.
The lender, TIAA-CREF, provided a long-term, fixed-rate loan, which is being used to refinance existing debt and recapitalize the properties. HFF’s debt placement team consisted of Mike Tepedino, Michael Gigliotti and Cameron Cureton.
The 95%-leased property portfolio includes Kroger, Kohl’s and LA Fitness as tenants.