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National  + Retail  | 

HFF Arranges $171M Financing for Westwood’s 13-Asset, 1M-SF Retail Portfolio

HFF arranged $171-million in first lien financing on behalf of Westwood Financial for a portfolio comprising 13 multi-tenant retail centers. The assets total more than one million square feet in the Arizona, California, Florida, Georgia, Illinois, North Carolina and Texas markets.

Two separate portfolio loans were placed, including a $94-million, fixed rate-rate portfolio loan with Nationwide Life Insurance Company used for re-financing and new acquisitions and a $77-million, fixed-rate portfolio loan with a correspondent life insurance company to re-finance existing debt.

In September 2016, Los Angeles-based Westwood completed a $1.2-billion consolidation and reorganization, and these portfolio loans help further the strategic initiatives of the roll up.

HFF’s team handling the transaction included Kevin MacKenzie, Jamie Kline, Jeremy Womack, Gregg Shapiro, Jason Bond, Jim Curtin, Nat Scarmazzi, Cory Fowler and Matthew Putterman.

Properties involved:

  1. Camelback Village, Phoenix
  2. Elk Crossing, Elk Grove (Chicago)
  3. Atascocita Center, Humble (Houston)
  4. Market at Lake Houston, Atascocita (Houston)
  5. Lynwood Collection, Raleigh, NC
  6. Arbors at Mallard Creek, Charlotte, NC
  7. Village at Preston Hollow, Dallas
  8. Mercado del Rancho, Scottsdale, AZ
  9. Shops at San Marco, Del Ray Beach, FL
  10. Evans Crossing, Evans (Augusta), GA
  11. Haynes Bridge Village, Alpharetta (Atlanta), GA
  12. Mercado del Lago, Rancho Santa Margarita, CA
  13. Magnolia Vineland, North Hollywood, CA

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Read more at HFFConnect With Westwood FinancialConnect With HFF’s MacKenzie

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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