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Fidelis Buys 641,000-SF Retail Center in North Texas

Alan Hassenflu

Alan Hassenflu

DENTON, Texas – Fidelis Realty Partners of Houston has acquired for Rayzor Ranch Marketplace, a 641,000-SF fully-leased retail power center in the Dallas-Fort Worth-area community of Denton.

Holliday Fenoglio Fowler arranged $32.53 million in acquisition financing for Fidelis, a retail-focused firm, led by Alan Hassenflu.

HFF, led by Jim Curtin, worked on behalf of Fidelis Realty Partners, to place the 10-year, fixed-rate loan with Sentinel Asset Management, a national life group company.  Additionally, HFF will service the loan, which is for 251,741 square feet of the center and excludes shadow anchors.

The seller was Drawbridge Special Opportunities Fund.

Built in 2008, Rayzor Ranch Marketplace is an outdoor shopping center 100 percent leased to Academy Sports + Outdoors, Ross Dress for Less, Guitar Center, Boot Barn, Jo-Ann Fabric & Craft Store, Petco, HCA Healthcare, Dickey’s Barbeque Pit, Famous Footwear and others, and is shadow-anchored by Walmart, Sam’s Club and Kohl’s.

Additionally, the center has development outparcels and 15 acres of land.  Part of the Rayzor Ranch 412-acre mixed-use development, which includes Rayzor Ranch Town Center, Rayzor Ranch Marketplace is located in the north Texas community of Denton at NEC Interstate 35 and Highway 380 in the first major retail node between Lawton, Oklahoma and Dallas.

Rayzor Ranch Town Center will include 68 acres of single and multi-housing residences.

Nov. 29, 2016 Realty News Report Copyright 2016

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