Shopping Center Business is the leading monthly business magazine for the retail real estate industry.
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14 • SHOPPING CENTER BUSINESS • August 2016 NEWSLINE CAPITAL PACIFIC, LEGEND PARTNERS ARRANGE $19.5 MILLION SALE OF HOME DEPOT PROPERTY IN DALLAS Capital Pacific, in partnership with Leg- end Partners, has arranged the $19.5 mil- lion sale of a 163,545-square-foot Home Depot property in Dallas. The Home De- pot is located at 2800 Forest Lane. Capital Pacific and Legend Partners represented the seller, Denver-based Broe Real Estate Services, in the sale of the property to an undisclosed buyer. M O N E Y M AT T E R S HFF ARRANGES JOINT VENTURE EQUITY FOR RECAPITALIZATION OF RIVER OAKS DISTRICT IN HOUSTON HFF has arranged joint venture equity for the recapitalization of River Oaks District, a 650,000-square-foot, luxury mixed-use development in Houston. Trey Morsbach and Bill Fishel of HFF worked on behalf of the developer, OliverMcMillan, and its equity partner to arrange the equity for the recapitalization of the property from institutional investors advised by J.P. Morgan Asset Management. HFF previously arranged construction financing on behalf of the developer in 2013. The project, completed in late 2015, encompasses 302,000 square feet of retail, fine dining and entertainment space leased to tenants including Hermès, Cartier, Dior, Dolce & Gabbana and Harry Winston. The development is also home to 66,000 square feet of state-of-the-art, boutique office space and the Grey House at River Oaks District, a 279-unit, two- building residential community. NORTHMARQ SECURES $2 MILLION ACQUISITION LOAN FOR RETAIL PROPERTY IN TENNESSEE NorthMarq Capital has arranged a $2 million loan for Jackson Circle Shop- ping Center, a 6,500-square-foot retail property located at 1603 N. Jackson St. in Tullahoma, Tennessee. Jackson Circle's tenant roster includes Mattress Firm and AT&T.; Randall Waddell of NorthMarq's Louisville office arranged the seven-year, fixed-rate loan with a 25- year amortization schedule through a local community bank. The Home Depot location at 2800 Forest Lane in Dallas was recently sold by Broe Real Estate Services. America's shopping center for pet supplies Pets are recession resistant • $58 billion industry and growing 1 • 20 consecutive years of growth 1 Own your own Pet Supplies Plus franchise • America's favorite neighborhood pet store • 330 stores in 26 states with great territories available • Celebrating 26 years PSP Franchising, LLC, 17197 N. Laurel Park Drive, Suite 402, Livonia, MI 48152 This advertisement is not an offer to buy a franchise. An offer to buy a franchise can be made by prospectus only. 1 According to the APPA: http://w w w.americanpetproducts.org/press_industr ytrends.asp. ©2016 Pet Supplies Plus. All rights reser ved. "We've been with Pet Supplies Plus for 20 years and have 36 stores. The Pet Supplies Plus system is ideally suited for pet lovers-entrepreneurs who want to open multiple units that are manager run." – Steve Adams For more information visit us online at www.pspfranchise.com or contact: Franchise Development: Steve Olson at 734.793.6532 Real Estate Development: Josh Goldstein at 734.793.6560 River Oaks District in Houston, Texas.