Jeff Knowles, managing director of the Houston office of HFF,represented Covington Realty Partners in the loan transactions."All four properties that were financed were all different sellers.They were all the same buyer and they were all done as differenttransactions," he says. Knowles said he could not disclose caprates for the sales or the loan to value amounts for the loans.

Cameron Crossing, a 366,881-sf regional shopping center at thesouthwest corner of US 75 and US 380, was purchased from Dallas,TX-based Hunt Properties Inc., which developed the shopping center.The center, which was completed in 1999 on a 35-acre site, iscurrently 94% occupied. Tenants include Home Depot, Best Buy, RossDress for Less and PetSmart. The average lease rate for the anchortenants is "$10 per sf and below" and the average lease rate forthe other tenants is in the "low 20's" per sf, Knowles says.Covington received a $33.5 million acquisition loan with a 5.61%fixed-rate for a term of 10 years and a $7.0 million mezzanine loanfor Cameron Crossing.

First Colony Commons, a 410,117-sf multi-anchored shoppingcenter at the intersection of U.S. 59 and Williams Trace Blvd., waspurchased from Weingarten Realty Investors, based out of Houston,TX. The center, which was completed in 1992 and nearly 38 acres, iscurrently 93% occupied. Tenants include Home Depot, Office Depot,Conn's Appliance, Michaels and Babies R'Us. The average lease ratefor the anchor tenants is "in the single digits" between $8 per sfand $10 per sf while the average rate for the other retail isbetween $23 per sf and $27 per sf, Knowles says. Covington receiveda $50.6 million acquisition loan with a 5.73% fixed rate for a termof 10 years and a $9.5 million mezzanine loan for First ColonyCommons.