The properties are Gateway Market, a 201,155-sf center, and the Gateway Courtyard, a two-story, 41,377-sf development. Both are at 9901 Capital of Texas Highway. Gateway is 97% leased with tenants that include Whole Foods Market, Best Buy, Old Navy, Star Furniture and Linens & Things. Major tenants at the 100% leased Gateway Courtyard include Mezzaluna restaurant, Relax the Back, Run-Tex and Smith & Hawken.

The two 10-year, fixed-rate loans have come through Nationwide Life Insurance Co. The Gateway loan is for $19 million and the Courtyard loan is for $3 million. Mona Carlton of Holliday Fowler Fenoglio's Dallas office arranged the financing for Austin-based SMP Interests, which developed and owns the centers.

The Gateway and Courtyard, developed in 1995, are part of one of Austin's most concentrated retail areas. Called the Golden Triangle, it's at the confluence of MoPac Expressway, US Highway 183 and Capital of Texas Highway. Other developments include the Arboretum and the Arboretum Market and centers anchored by Sam's Club, Home Depot and Costco. The area also has several office buildings, apartment complexes, hotels and motels. The area is almost fully developed except for land owned by the University of Texas, which has a study under way to look at development options.Holliday Fowler Fenoglio, based in Texas, is the largest capital intermediary in commercial real estate in the United States. It had more than $12.2 billion in business volume in 2001.