April 4, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces financing for a five-property retail portfolio totaling more than 700,000 square feet in the greater St. Louis, Missouri, metropolitan area.
The HFF team worked on behalf of the borrower, Select Strategies Realty, to secure the loan through Prime Finance. Loan proceeds were used to acquire the portfolio.
The St. Louis properties are Creve Coeur at 955 Woodcrest Executive Drive and 12139 Olive Boulevard; Kings Highway at 4650 Lansdowne Avenue; LeMay Shopping Center at 1000 Lemay Ferry Road; and Overland Crossing at 8901 Page Avenue. The portfolio also includes Fairview City Centre at the intersection of Lincoln Trail and Belleville Road in Fairview Heights, Illinois. Anchor tenants for this portfolio include The Home Depot, Fresh Thyme Farmer’s Market, Office Max, Kohl’s, Home Goods, Dick’s Sporting Goods, Burlington Coat Factory, Hobby Lobby and Planet Fitness. The five assets are approximately 97 percent leased overall.
The HFF team representing the borrower included managing director Jeremy Sain.
“We are very pleased with the attractive terms Prime Finance was able to provide for this acquisition,” said C. Reynolds Thomspon of Select Strategies Realty. “This was our first time working with HFF and the team performed flawlessly throughout the process. We look forward to working together again in the future.”