Monday, April 07, 2014

New financing for Dallas’ West Village

Lenders have provided a new $34 million loan for Dallas’ popular West Village project.
HFF LP arranged the loan with Cornerstone Real Estate Advisors for owners Phoenix Property Co. and Urban Partners.
The 6.75-acre, first-phase of the West Village was built in 2002 and includes about 124,000 square feet of retail space and 179 apartments.
The retail is 98 percent leased, according to HFF, with tenants including Magnolia Theatre, Ann Taylor Loft, Tommy Bahama, Club Monaco, and Mi Cocina.