HFF ARRANGES $6.5 MILLION FOR ACQUISITION OF 80,440-SQUARE-FOOT CROSSROADS

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BEAUMONT, TEXAS — Holliday Fenoglio Fowler’s (HFF) Houston office has arranged $6.5 million in 5-year, fixed-rate financing for the acquisition of a shopping center located at 4410 Dowlen Rd. in Beaumont. California-based Wu Investments acquired the property from an undisclosed seller. Crossroads Shopping Center is a five-building, 80,440-square-foot retail center that was fully leased at the time of sale. Tenants at the property include Stein Mart, Sprint and Morgan Stanley. Tucker Knight and Steven Gautier of HFF’s Houston office represented the buyer in the transaction, securing the loan through Mercantile Commercebank.

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