Holliday Fenoglio Fowler, L.P. provided financing for a five-property retail portfolio totaling more than 700,000 square feet in the greater St. Louis 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 about 97 percent leased.
The HFF team representing the borrower included managing director Jeremy Sain.
