Austin's Gateway Retail Centers Receive $22 Million in Financing Arranged by Holliday Fenoglio Fowler.Business Editors AUSTIN--(BUSINESS WIRE)--March 5, 2002 Two retail properties totaling more than 240,000 square feet of prime retail space, located in Austin's Golden Triangle Golden Triangle can refer to:
The properties, developed and owned by SMP (Symmetric MultiProcessing) A multiprocessing architecture in which multiple CPUs, residing in one cabinet, share the same memory. SMP systems provide scalability. As business increases, additional CPUs can be added to absorb the increased transaction volume. Interests, include Gateway Market, a 201,155-square-foot retail center at 9901 Capitol Capitol, seat of the U.S. Congress Capitol, seat of the U.S. government at Washington, D.C. It is the city's dominating monument, built on an elevated site that was chosen by George Washington in consultation with Major Pierre L'Enfant. of Texas Highway North in northwest Austin, and the Gateway Courtyard, a two-story, 41-377-square-foot companion development that shares the same address. Mona Carlton of Holliday Fenoglio Fowler's Dallas office arranged the two 10-year, fixed-rate loans Fixed-rate loan A loan whose rate is fixed for the life of the loan. on behalf of SMP Interests, through Nationwide Life Insurance Company. The financing includes a $19 million loan on Gateway Market, and a separate $3 million loan on Gateway Courtyard. Both properties were built in 1995. Gateway Market is 97 percent leased and anchored by Whole Foods Market, and includes Best Buy, Linens Linens are fabric household goods, such as pillowcases and towels. Originally, many, such as bed sheets and tablecloths, were made of linen. Today, the term "linen" has come to be applied to all related products even though most are made of cotton, various synthetic & Things and Old Navy as major tenants. Gateway Courtyard is 100 percent leased, with major tenants that include the Mezzaluna restaurant, Relax the Back and Smith & Hawkens. Holliday Fenoglio Fowler is the country's largest capital intermediary Intermediary See: Financial intermediary intermediary See financial intermediary. in commercial real estate industry. 2001 was a record-breaking year for the firm, with more than $12.2 billion in business volume. The company has arranged more than $50 billion debt, equity/structured finance and investment sales transactions since 1997. |
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