BB&T FINANCES 198,366-SQUARE-FOOT RETAIL CENTER
IRVING, TEXAS — The Chicago office of BB&T Real Estate Funding has provided a first mortgage loan secured by MacArthur Park, a 198,366-square-foot retail center located in Irving. The Kroger-anchored center is situated within the Las Colinas master-planned community. It is part of a larger power center that includes Barnes & Noble, Gap, Hallmark, Target, Ross Dress For Less, TJ Maxx and Office Depot. Nick Gonzalez of Austin, Texas-based GRC Capital represented the undisclosed borrower in the transaction. Terms of the loan were not released. BB&T Real Estate Funding is a wholly owned subsidiary of Charlotte, N.C.-based Grandbridge Real Estate Capital and a subsidiary of BB&T Corp.