Denton, Texas — HFF has secured $32.5 million in acquisition financing for Rayzor Ranch Marketplace, a 641,000-square-foot retail power center located in the Dallas-Fort Worth area community of Denton.
The center is fully leased to tenants including 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 Five Below. Walmart, Sam’s Club and Kohl’s shadow-anchor the center.
Jim Curtin of HFF 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.