HOUSTON—Northline Commons, a 472,443-square-foot power center in North Houston has been refinanced.
HFF secured a senior loan and worked on behalf of the borrower, an affiliate of North American Development Group, to place the 10-year, fixed-rate loan with Wells Fargo Bank.
Constructed between 2007 and 2009, the 91-percent-leased Northline Commons consists of one main building, five smaller buildings and four outparcel pads situated on 47.66 acres. The center is home to major tenants Burlington Coat Factory, Ross Dress for Less, Five Below, Palais Royal, Conn's and Marshalls.
Additionally, the center's outparcel pads are leased to Pappas Bar-B-Q, IHOP, Ojos Locos Sports and Chick-fil-A.
Senior managing director Travis Anderson and associate directors Cory Fowler and Tyler Ford led the HFF debt placement team representing the borrower.
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