Press Release brought to you by HFF

HFF announces financing for 5-property retail portfolio in St. Louis, Missouri

04/04/2018

DALLAS, TX – 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.”

About Select Strategies Realty
Select Strategies Realty is a privately held real estate investment company that specializes in the development, acquisition, management and leasing of retail and mixed-use real estate in the midwestern and southeastern U.S.  Headquartered in Cincinnati, Ohio, Select Strategies was founded in 2005 by seasoned real estate professionals.  They include former senior executives of some of the largest retail real estate companies in the United States, including Kimco, Colonial Properties Trust, North American Properties, Taubman and Cafaro, providing a unique combination of expertise and experience.  Serving a client base that encompasses commercial banks, hedge funds, real estate investment trusts (REITs), loan servicers, investment trusts and individual investors, Select Strategies has sponsored retail investments totaling in excess of $150 million and provides management and leasing services for over 4.5 million retail square feet.  The company manages and leases retail assets in 10 states as well as office and multifamily assets in Ohio and Kentucky.  selectstrat.com

About HFF
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry.  HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing.  HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF).  For more information, please visit hfflp.com or follow HFF on Twitter @HFF.

Source

HFF

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