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WICHITA FALLS, TX-Texas-based investment partnership has taken over ownership of the Wichita Falls Shopping Center with a $1.9 million acquisition loan arranged by the Dallas office of Holliday Fenoglio Fowler, L.P.

The five-year, 6 percent fixed-rate financing package was arranged by Holliday Fenoglio Fowler Director Scott Fowler on behalf of Realty Capital Corporation of Grapevine, TX through Lehman Brothers Bank, FSB.

The 22,003 sf shopping center, located on 2.65 acres at 2600 Central Expressway North in Wichita Falls is 96% occupied by tenants that include Radio Shack, Dollar Tree, Friedman’s Jewelers and Fashion Bug. A two-year old Wal-Mart SuperCenter is situated adjacent to the property.

“The city has a diversified economy with a solid range of industries, an award-winning education system, positive business climate and an economic base composed of Sheppard Air Force Base and other government organizations, retail/wholesale trade, manufacturing, medical services, the travel industry, agriculture, oil and gas, and education. These factors all combine to make this a very attractive package to investors,” said Fowler.

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