HFF Sells First Mortgage Loan on 270,069 SF Village at Camp Bowie
- Jul 23, 2010
July 23, 2010
By Allison Landa, News Editor
The Dallas and Chicago offices of Holliday Fenoglio Fowler, L.P. said Friday that they have completed the sale of a first mortgage loan on The Village at Camp Bowie, a six-building, 270,069-square-foot retail and office development in Fort Worth, Tex.
Situated on a 19-acre site on the north and south sides of Camp Bowie Boulevard, the property is 76 percent leased to tenants including Frost Bank, Starbucks, Spring, Edward Jones and State Farm. It underwent extensive renovations from 2004 to 2007.
HFF senior managing directors Doug Hazelbaker and Jim Batjer, along with managing director Bill Mitchell, marketed the loan on behalf of the seller, Wells Fargo Bank. Western Real Estate Equities, L.L.C. bought the loan for an undisclosed price.
“This was an excellent opportunity to purchase a first-mortgage position on a renovated retail center that is located in one of Fort Worth’s best submarkets,” Hazelbaker said when announcing the news.
Operating out of 17 offices nationwide, HFF is a provider of commercial real estate and capital markets services to the United States commercial real estate industry. These include debt placement, loan sales, private equity and advisory services.