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HFF ARRANGES $145 MILLION IN LOANS AND JOINT VENTURE EQUITY FOR CENTER

OVERLAND PARK, KAN. — The Chicago office of Holliday Fenoglio Fowler (HFF) has arranged a construction loan and joint venture equity totaling $145.3 million for Corbin Park, an open-air retail center underway in Overland Park. Upon completion of the project between late 2009 and early 2010, the center will house 1.1 million square feet of retail and entertainment space. Von Maur, JC Penney, Lifetime Fitness and NYLO Hotels will anchor the development, which is located at the intersection of 135th Street and Metcalf Avenue. Tim Joyce, Mike Kavanau and Doug Bond of HFF placed the construction loan and arranged the equity on behalf of Cormac Co. Financing was led by Bank of America and US Bank. INVESCO Real Estate provided joint venture equity.

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