Lansdowne Development Inc. of Dallas locked in a 10-year loanwith a 30-year amortization at a sub-6% fixed-rate interest,William L. Jackson, senior vice president and managing director inDallas for Minneapolis-based NorthMarq Capital Inc., tellsGlobeSt.com. The collateral is the fully leased Tuscan RetailCenter at the intersection of MacArthur Boulevard and Tuscan Roadin Irving's Las Colinas development. The center, which opened doorsearlier this year, is anchored by Fidelity Investments, one ofseven tenants with long-term leases in place.
Jackson says there were a number of lenders interested inanteing up the capital. "JPMorgan provided the most flexibility,"he says. NorthMarq investment analysts, Lauren Mussalem and MarkHalford, assisted with the refinance.
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