HFF arranges $7.21 million refinancing for Town & Country Shopping Center in Corpus Christi, Texas

The Houston office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it arranged a $7.21 million refinancing for Town & Country Shopping Center, a 94,736-square-foot retail center in Corpus Christi, Texas.

HFF managing director Tucker Knight and real estate analyst Steve Gautier worked exclusively on behalf of the borrower, Fowler Property Acquisitions to secure the two-year, 6.5% fixed-rate loan with The Mission Bank to refinance existing debt. Fowler Property Acquisitions, LLC is a privately capitalized real estate investment firm focused on the acquisition of multifamily, industrial, office, retail and land properties in select markets throughout the Western United States.

Originally built in 1958 and renovated in 2007, Town & Country Shopping Center is 62% leased to tenants including TCBY, Subway, Schlotsky’s and Hollywood Video. The property is situated on a 6.2-acre site at 4250 South Alameda Street close to Ocean Drive and the Bay of Corpus Christi.

HFF (NYSE: HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sales and note sale advisory services and commercial loan servicing.