Jason Pumpelly, associate director in Dallas for HollidayFenoglio Fowler LP, packaged a 10-year loan with a sub-6%fixed-interest rate for Sandler Southwest Corp. of Plano. LehmanBrothers of New York City provided the capital that replacedconstruction financing for the two-year-old development at theintersection of FM 1382 and US Highway 67 in Cedar Hill.

Cedar Hill Town Center, sitting on 18 acres right across thestreet from a Wal-Mart Supercenter and a Kroger-anchored center, isleased to Supercuts Inc., CiCi's Pizza, Sprint and Jackson HewittTax Service. The retail corridor is the primary gateway to Joe PoolLake and sundry other recreational facilities. Cedar Hill'sfive-mile area has more than 85,000 residents, of which 85% areunder 46 years old. The average annual household income hovers$73,000. The city's 5.6% annual growth rate, which adds 600 homesper year, is the highest in Dallas County's southwest sector.