HFF Finances Acquisition of 900,000-SF Mixed-Use

(Save the date: RealShare Industrial 2012 comes to The Bankers Club, Miami, December 5 – 6.)

AURORA, CO-HFF has arranged acquisition financing for Southlands Town Center, a 900,000-square-foot, mixed-use property here, on behalf of Northwood Investors from an unnamed seller. The five-year loan, whose amount HFF declined to disclose, was placed with CIBC World Markets. Southlands Town Center is an outdoor lifestyle center composed of 730,000 square feet of retail space and 170,000 square feet of office space. Its four-block main street and community plaza are surrounded by well-known retailers and an AMC Theaters. The center itself contains more than 100 retailers and restaurants. In addition, HFF has arranged $54 million in financing for RiverPlace Square Apartments, a 290-unit, class-A multifamily community in Portland, OR, on behalf of a joint venture between Cardinal Group Investments LLC and Fundamental Advisors LP. HFF placed a $44.5-million loan with a national bank and arranged a $9.5-million mezzanine loan with a mortgage REIT. Loan proceeds were used to acquire the property.