DALLAS--HFF has announced that it has securedjoint venture equity for the development ofWaterside, a $75-million, Whole FoodsMarket-anchored mixed-use development to be located inFort Worth.

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HFF worked exclusively on behalf of the developer,Trademark Property Co., in sourcing the capitalfrom Sarofim Realty Advisors. Equity proceedswill be used to develop the first phase of theproject. Separately, HFF represented Trademark in the sale of5.08 acres of land to a venture between TranswesternDevelopment Co. and a private real estate fund advisedby CHC–Real Estate forthe Waterside multi-housing development.

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Waterside, a mixed-use development that will be located on 52acres at the intersection of Bryant Irvin Road and Arborlawn Driveon the former Lockheed Martin RecreationAssociation site, will feature 1.5 miles of Trinity Riverwaterfront and is part of the first phase of Waterside developmentthat will include 190,000 square feet of retail space and riversiderestaurants. The 45,000-square-foot store will be the firstWhole Foods in Fort Worth. The remaining phases will include20-30 acres of multi-housing units, 140,000 square feet of officespace and a hotel.

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Associate director Jim Curtin and seniormanaging director Trey Morsbach led the HFF equityplacement team representing the developer. Senior managingdirectors Roberto Casas and BillMiller and associate director Greg Toroled the HFF investment sales team representing Trademark in theland sale.

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According to HFF, the land sale “represents a great opportunityfor Transwestern to be part of one of Fort Worth's most excitingmixed-use developments which includes Fort Worth's first WholeFoods.”

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Reps with HFF were unable to offer more details about thetransaction by press time.

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