Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged $32.53 million in acquisition financing for Rayzor Ranch Marketplace, a 641,000-square-foot, fully-leased retail power center in the Dallas-Fort Worth-area community of Denton, Texas.
HFF worked on behalf of Fidelis Realty Partners, to place the 10-year, fixed-rate loan with Sentinel Asset Management, a national life group company. Additionally, HFF will service the loan, which is for 251,741 square feet of the center and excludes shadow anchors.
Built in 2008, Rayzor Ranch Marketplace is an outdoor shopping center 100 percent 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, among others, and is shadow-anchored by Walmart, Sam’s Club and Kohl’s. Additionally, the center has development outparcels and 15 acres of land. Part of the Rayzor Ranch 412-acre mixed-use development, which includes Rayzor Ranch Town Center, Rayzor Ranch Marketplace is located in the north Texas community of Denton at NEC Interstate 35 and Highway 380 in the first major retail node between Lawton, Oklahoma and Dallas. Rayzor Ranch Town Center will include 68 acres of single and multi-housing residences; 15 acres of public parks with walking trails and an open-air town center with a mix of specialty retailers and entertainment.
The HFF debt placement team was led by director Jim Curtin.
About Fidelis Realty Partners
Fidelis Realty Partners (Fidelis) provides comprehensive services to commercial real estate assets. Fidelis' sole and focused mission is to maximize the value of the real estate the company services. Fidelis’ current portfolio of commercial real estate consists of approximately 10.4 million square feet. Fidelis services properties in nine cities and in three states, Texas, New Mexico and Louisiana, and has over 60 assets in its portfolio. The majority of the properties are in the greater Houston metropolitan area, where Fidelis is headquartered. For more information, visit http://www.fidelisrealtypartners.com.
About HFF
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.
