GRAPEVINE, TEXAS — HFF has arranged an $18.3 million refinancing for Grapevine Towne Center, a 207,004-square-foot retail center in Grapevine. HFF worked on behalf of the borrower, a joint venture managed by Cencor Realty Service, to secure the 10-year, fixed-rate loan with Morgan Stanley Bank. HFF will service the securitized loan. Loan proceeds will be used to refinance the borrower’s existing debt. Grapevine Towne Center is located along State Highway 114 between William D. Tate and Ira E. Woods Avenues (State Highway 26). Grapevine Towne Center’s main building and five outparcel pads are 87.5 percent leased. Tenants at the property include Office Depot, Ross Dress for Less and Big Lots in addition to Vision Works, Weight Watchers, Hallmark Creations and Bealls. Steve Heldenfels, Travis Anderson and Joe Lerer led the HFF team representing the borrower.
Grapevine Towne Center is a 207,004-square-foot retail center in Grapevine.
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