SOUTHLAKE, TEXAS — Inland Western REIT has secured $9.2 million in financing for the acquisition of Block 22 of Southlake Town Square, located in the Dallas/Fort Worth suburb of Southlake. Block 22 is a 35,436-square-foot retail property situated on approximately 4 acres at 1256 Main St. It was 96 percent leased at the time of closing to a tenant roster that includes Charles Schwab, FedEx Office and AT&T. Block 22 is the most recent expansion of the 807,000-square-foot Southlake Town Square mixed-use development. Kevin MacKenzie with the Dallas office of Holliday Fenoglio Fowler (HFF) arranged the financing on behalf of Inland through American Bank of Texas. Last month, HFF also originated a $13.97 million loan between the lender and the borrower for Preston Trail Village, a retail property located in Dallas’ Far North submarket.
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