DALLAS-Northwood Investors, a New York investor that bough the Dallas Shops at Park Lane development in Dallas, has secured a $100-million loan to finance the project. The investor bought the 1.2-million-square-foot mixed-use development at Park Lane and North Central Expressway in 2010 after assuming bank loans totaling nearly $240 million on the property.
Dallas-based HFF LP arranged the new long-term loan for the 33.5-acre project with ING Investment Management. The project also includes office and residential space. For the full story, go to Dallas Morning News .
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