According to Jason Piering, vice president of CB Richard Ellis'Dallas capital markets debt & equity financing, Dunhill is inthe market for trophy, credit-anchored retail assets like Fountainson the Lake at 11222 Fountain Lake Dr.
Piering worked with CBRE/Melody's managing director RandyFleisher to structure $100 million of debt and joint venture equityfinancing for the buyer. Piering says Dunhill buys assets that makesense for its strategic directives rather than target any onegeographical region. The New Hyde, NY-based Kimco and Dunhill havepartnered in the past on deals.
Piering tells GlobeSt.com that Dunhill plans to start work soonon developing pad sites for the extra space. He says the new retailspace will be geared toward restaurants and small shops.
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