Holliday Fenoglio Fowler, L.P. (HFF) announces a $5.95 million refinancing of Douglasville Day Centre, a 25,300-square-foot, fully occupied retail strip center in the Atlanta-area community of Douglasville, Georgia.
The HFF team worked on behalf of the borrower, a California-based private investor, to secure the 4.75-percent, 10-year, fixed-rate loan through one of its national lending partners.
Completed in 2002, Douglasville Day Centre is home to a mix of national, regional and local tenants, including Verizon Wireless, Starbucks and Subway. Situated on 4.32 acres at 2750 Chapel Hill Road, the center is at the intersection of Chapel Hill Road and Timber Ridge Drive 22 miles west of downtown Atlanta, adjacent to Arbor Place Mall. Additionally, the center is just off Interstate 20 and is exposed to approximately 96,000 vehicles per day.
The HFF debt placement team representing the borrower included senior director Zack Holderman and analyst Mandeep Pabla.
“The quality and strong historical performance of Douglasville Day Centre enabled us to maximize proceeds, while maintaining a strong interest rate for the continued long-term ownership of the asset,” Holderman said.
HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, “HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.