Friday, January 22, 2010

Lincoln Park Refinanced for $22.6 Million

The dallas office of Holliday Fengolio Fowler (HFF) has arraned a 422.6 million loan for the refinancing of Lincoln Park, a 148,806-square-foot retail center located in Dallas. The center is situated at the corner of West Northwest Highway and north Central Expressway, across from North Park Mall. The center is anchored by a Tom Thumb supermarket; additional tenants include The Cheesecake Factory, The Container Store and Barnes & Noble. Occupancy was 98% at the time of closing. HFF's Kevin MacKenzie and Trey Morsbach arranged the loan, which arries a 5-year term and fixed interest rate on behalf of the borrower, a joint venture between Inland western REIT and a client of Invesco Real Estate. The lender was not disclosed.