HFF Helps Secure a Loan for Houston Power Center
- Oct 19, 2015
Houston—Working on behalf of an affiliate of North American Development Group, HFF has secured a CMBS loan to refinance a power center in northern Houston. The broker placed the ten-year, fixed-rate senior loan with Wells Fargo Bank, through a team led by Senior Managing Director Travis Anderson and Associate Directors Cory Fowler and Tyler Ford.
The 472,443-square-foot Northline Commons is located at 4400 N. Freeway (I-45), right on Houston’s North Line Light Rail. The center is currently 91 percent leased to tenants such as Burlington Coat Factory, Baskin Robbins, Foot Locker, Ross Dress for Less, Marshalls, and Conn’s, among many others.
Northline Commons consists of one main building, five smaller buildings and four outparcel pads on a 47.66-acre site. The center benefits from a convenient location on one of the city’s most traveled thoroughfares, which boasts approximately 300,000 passing vehicles per day.
Image courtesy of the Northline Commons Facebook page