Tyler, Texas — HFF has arranged a $105 million loan for the refinancing of The Village at Cumberland Park, a 649,636-square-foot shopping center in Tyler.
Jim Curtin of HFF, in partnership with Joseph Monteleone of Q10 | Triad Capital Advisors, arranged the 36-month, floating-rate loan through Bank of America on behalf of the borrower, a partnership led by The Retail Connection. The Village at Cumberland Park includes 14 buildings that are leased to tenants such as Bed Bath & Beyond, Cost Plus World Market, Nike, Bath & Body Works, Burlington, Studio Movie Grill, TJ Maxx, H&M and Old Navy. Construction on the shopping center began in 2014. The last phase of the development will be completed this year, bringing the center to more than 700,000 square feet.