DALLAS--HFF has arranged a $65.5 million refinancing for Bassett Place, a 595,399-square-foot regional mall in El Paso.

HFF worked on behalf of the borrower, Cypress Equities, to secure the 10-year, fixed-rate loan with Goldman Sachs Mortgage Co.  HFF is servicing the securitized loan, which will be used to pay off existing debt and fund food-court renovations and the new Dave & Buster's addition. HFF was unable to offer additional details about the refinance by press time.

Bassett Place, one of El Paso's most popular shopping destinations, currently has seven anchor tenants, including Target, Kohl's, Marshalls, Ross Dress for Less, Office Depot, Conn's and Premiere Cinemas IMAX; five restaurants and 41 store tenants. 

With the addition of Dave & Buster's as the eighth anchor tenant, the mall will expand to 606,717 square feet when completed in January 2016 and be 96.3 percent leased. Situated on 44 acres at 6101 West Gateway, where it intersects with Geronimo Drive at Interstate 10, the mall is 2.4 miles from Fort Bliss, the second-largest military base in the U.S. and is 6.2 miles from the Bridge of the Americas border crossing connecting El Paso to Ciudad Juarez.

Senior managing director Trey Morsbach, director Bill Fishel and real estate analyst DJ Meagher led the HFF team representing the borrower.