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Financing and equity arranged by HFF for retail power center in Scottsdale, Arizona


NEWPORT BEACH, CA – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged a recapitalization for The Pavilions at Talking Stick, a 1.1 million-square-foot retail power center in Scottsdale, Arizona.

HFF worked on behalf of the sponsor, De Rito Partners, to arrange the joint venture equity partnership with PCCP.  Additionally, HFF worked on behalf of the new partnership to arrange a loan with Wells Fargo Bank.  In addition to acquiring the property, loan proceeds were used to fund capital expenditures and cover site preparation for ground lease opportunities in outparcel pad locations.

With more than 65 retail stores, restaurants and services, The Pavilions at Talking Stick is home to Target, Home Depot, Burlington Coat Factory, Conn’s Appliances, Hobby Lobby, Toys R Us, Petco, Ross Dress for Less, Michael’s and Mountainside Fitness.  The 91.3-percent-occupied center consists of 47 buildings renovated in 2008 that are also leased to Famous Footwear, Frontgate, Lamps Plus, Roadhouse Cinemas, Denny’s and Ulta Beauty.  Situated on 142 acres at 9001-9175 East Indian Bend Road, The Pavilions at Talking Stick is located off Loop 101 at a full-diamond interchange on Indiana Bend Road in the northern Scottsdale area of Talking Stick, an emerging cultural and entertainment destination that includes the Talking Stick Resort and Casino, which is adjacent to the center; 36-hole championship Talking Stick Golf Club; and Salt River Fields at Talking Stick, a MLB spring training facility for the Arizona Diamondbacks and Colorado Rockies. 

The HFF team was led by executive managing director John Pelusi, senior managing director Kevin MacKenzie and managing director James Fowler.

About De Rito Partners
De Rito Partners is structured into five entities.  Established in 1992, De Rito Partners, Inc. has grown to become one of the largest brokerage firms in Arizona specializing in retail.  The company offers full-service retail brokerage operations, property leasing, sales and tenant representation. The company has over 20 seasoned brokers exclusively representing more than 180 shopping centers and 60 national and local retailers. The company is also the exclusive Arizona member of Retail Brokers Network, a national real estate powerhouse composed of the foremost retail brokerage firms in the U.S.  De Rito Partners Development, Inc. specializes in the development and redevelopment of select retail and mixed-use properties.  The company creates retail environments for shoppers, merchants, communities and investors, and has developed 20 first-class retail and auto properties totaling more than five million square feet throughout the Greater Phoenix area.  De Rito Property Management, LLC offers premier-quality property management services for retail properties of any size, currently managing 31 properties totaling over two million square feet.  De Rito Opportunity Investors, LLC has recently purchased 45 retail assets, with plans to purchase three more this year in Arizona and Nevada and offers individually tailored retail property solutions, specializing in acquisitions of value-added and stable assets.  De Rito Land Development, LLC specializes in ground-up grocery anchored and other commercial neighborhood shopping centers.  For more information, visit

PCCP, LLC (PCCP) is a premier real estate finance and investment management firm focused on commercial real estate debt and equity investments.  PCCP has approximately $5.5 billion in assets under management on behalf of institutional investors.  With offices in New York, San Francisco and Los Angeles, PCCP has a proven track record for providing real estate owners and investors with a broad range of funding options to meet capital requirements.  PCCP originates and services each of its investments, ensuring that clients benefit from added value and outstanding investment returns.  Since its inception in 1998, PCCP has successfully raised, invested and managed approximately $10.5 billion of institutional capital through a series of investment vehicles including private equity funds, separate accounts and joint ventures.  PCCP continues to seek investment opportunities with proven operators seeking fast and reliable capital.  Learn more about PCCP at

About HFF
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF).  HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing.  For more information please visit or follow HFF on Twitter @HFF.



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