MetLife Real Estate Investments provided the seven-year, 6.25% fixed-rate loan, which replaced maturing CMBS loans and a bank loan, according to Kevin MacKenzie, a managing director in HFF's Dallas office who helped arrange the loan.

"There was strong interest from a variety of capital sources including portfolio lenders that had the ability to finance the entire loan without any participation," MacKenzie tells GlobeSt.

Situated between Texas Highway 114 and Southlake Boulevard, Southlake Town Square is an 841,029 square-foot, mixed-use development that was completed in six phases over the past 10 years. The Inland Western Retail REIT's refinancing covers four phases that total 507,500 square feet. The total development contains more than 150 tenants including: Harkin's Theatre, CitiFinancial, Barnes and Noble, The Container Store, Banana Republic, Gap, Victoria's Secret, Brooks Brothers, and a variety of other well-known national retailers and restaurants.

"Southlake Town Square is located in one of the most affluent areas in North Texas and enjoys a wide draw due to the unique mix of shopping, dining, entertainment and lodging options," MacKenzie says. "The asset is generally regarded as the first and most successful mixed-use town center development in DFW and the state of Texas. The asset's prominence, along with the strong tenant performance and the experience of Inland Western as an owner and manager, made this a very compelling loan opportunity."