{"id":1004186011,"date":"2017-08-04T02:44:14","date_gmt":"2017-08-04T10:44:14","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004186011"},"modified":"2022-12-07T23:02:10","modified_gmt":"2022-12-08T07:02:10","slug":"multi-state-retail-portfolio-lands-171m-in-financing","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/multi-state-retail-portfolio-lands-171m-in-financing\/","title":{"rendered":"Westwood Financial Snags $171M for Retail Portfolio"},"content":{"rendered":"

By Keith Loria, Contributing Editor<\/em><\/p>\n

\"Camelback<\/a>

Camelback Village in Phoenix<\/p><\/div>\n

Westwood Financial has secured $171 million in first lien financing for a portfolio comprising 13 multi-tenant retail centers located throughout Arizona, California, Florida, Georgia, Illinois, North Carolina and Texas.<\/p>\n

The properties total 1,050,350 million square feet.<\/p>\n

HFF placed a $94 million fixed-rate portfolio loan with Nationwide Life Insurance Co. used for refinancing and new acquisitions and a $77 million fixed-rate portfolio loan with a correspondent life insurance company to refinance existing debt.\u00a0<\/p>\n

\u201cClosing two more highly flexible portfolio loans with major life insurance companies is another significant milestone for Westwood Financial,\u201d <\/em>Kevin MacKenzie, the company\u2019s West Coast region\u2019s senior managing director and co-head, said in a prepared release. \u201cThey continue to build an excellent relationship with these lenders, amongst others, progressing in their goal of strategic growth, building out their portfolio with high-quality assets and getting the most optimal capital structure in place.\u201d<\/em><\/p>\n

Back in September, Westwood Financial restructured<\/a>, with a $1.2 billion consolidation and reorganization program, and these loans will go towards debt executions and generate capital for growth.<\/p>\n

Portfolio breakdown<\/h2>\n

The $94 million loan portfolio consists of seven multi-tenant retail shopping centers: the 77,043-square-foot Camelback Village anchored by AJ\u2019s Fine Foods in Phoenix; the 116,707-square-foot Elk Crossing anchored by Jewel-Osco in Elk Grove, Ill.; the 97,229-square-foot Atascocita Center anchored by Kroger in Humble, Texas; the 101,791-square-foot Market at Lake Houston anchored by H-E-B in Atascocita, Texas; the 87,632-square-foot Lynwood Collection anchored by Kroger in Raleigh, N.C; the 55,323-square-foot, Trader Joe\u2019s-anchored Arbors at Mallard Creek in Charlotte, N.C; and the 47,518-square-foot Village at Preston Hollow shadow anchored by Central Market in Dallas.<\/p>\n

Meanwhile, the $77 million loan portfolio consists of the 89,506-square-foot Mercado del Rancho anchored by Sprouts Farmers Market in Scottsdale, Ariz; the 85,516-square-foot Shops at San Marco anchored by Sprouts in Del Ray Beach, Fla; the 92,120-square-foot Evans Crossing anchored by Kroger in Evans, Ga.; and the 101,610-square-foot Haynes Bridge Village anchored by Publix in Alpharetta, Ga.\u00a0<\/p>\n

There\u2019s also two California centers with Ralph\u2019s grocery shadow anchors, the 68,055-square-foot Mercado del Lago in Rancho Santa Margarita and the 30,300-square-foot Magnolia Vineland in North Hollywood.<\/p>\n

The HFF debt placement team consisted of Senior Managing Director Kevin MacKenzie, Director Jamie Kline, Senior Managing Director Jeremy Womack, Managing Director Gregg Shapiro, Senior Directors Jason Bond, Jim Curtin and Nat Scarmazzi, and Directors Cory Fowler and Matthew Putterman.\u00a0\u00a0\u00a0<\/p>\n

Image courtesy of Westwood Financial<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

HFF lined up the insurance-company financing for 1 million square feet of properties spanning seven mostly Southern states.<\/p>\n","protected":false},"author":451,"featured_media":1004186013,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21825,23891,21742,21749],"tags":[32792,33583,33614],"class_list":["post-1004186011","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-finance","category-national","category-latest","category-retail","tag-hff","tag-nationwide-life-insurance-company","tag-westwood-financial"],"acf":[],"yoast_head":"\nWestwood Financial Snags $171M for Retail Portfolio - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/multi-state-retail-portfolio-lands-171m-in-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Westwood Financial Snags $171M for Retail Portfolio\" \/>\n<meta property=\"og:description\" content=\"HFF lined up the insurance-company financing for 1 million square feet of properties spanning seven mostly Southern states.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/multi-state-retail-portfolio-lands-171m-in-financing\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-04T10:44:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T07:02:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Camelback-Village.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/multi-state-retail-portfolio-lands-171m-in-financing\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/multi-state-retail-portfolio-lands-171m-in-financing\\\/\"},\"author\":{\"name\":\"Keith Loria\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/aaa29b723dad85f2444ae3cb0c4d735f\"},\"headline\":\"Westwood Financial Snags $171M for Retail Portfolio\",\"datePublished\":\"2017-08-04T10:44:14+00:00\",\"dateModified\":\"2022-12-08T07:02:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/multi-state-retail-portfolio-lands-171m-in-financing\\\/\"},\"wordCount\":415,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/multi-state-retail-portfolio-lands-171m-in-financing\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/08\\\/Camelback-Village.jpg\",\"keywords\":[\"HFF\",\"Nationwide Life Insurance Company\",\"Westwood Financial\"],\"articleSection\":[\"Featured\",\"Finance\",\"National\",\"News\",\"Retail\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/multi-state-retail-portfolio-lands-171m-in-financing\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/multi-state-retail-portfolio-lands-171m-in-financing\\\/\",\"name\":\"Westwood Financial Snags $171M for Retail Portfolio - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/multi-state-retail-portfolio-lands-171m-in-financing\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/multi-state-retail-portfolio-lands-171m-in-financing\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/08\\\/Camelback-Village.jpg\",\"datePublished\":\"2017-08-04T10:44:14+00:00\",\"dateModified\":\"2022-12-08T07:02:10+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/aaa29b723dad85f2444ae3cb0c4d735f\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/multi-state-retail-portfolio-lands-171m-in-financing\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/multi-state-retail-portfolio-lands-171m-in-financing\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/multi-state-retail-portfolio-lands-171m-in-financing\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/08\\\/Camelback-Village.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/08\\\/Camelback-Village.jpg\",\"width\":800,\"height\":620,\"caption\":\"Camelback Village\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/multi-state-retail-portfolio-lands-171m-in-financing\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Westwood Financial Snags $171M for Retail Portfolio\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/aaa29b723dad85f2444ae3cb0c4d735f\",\"name\":\"Keith Loria\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c971a04cf612cbf81bf5ac2e5ca5dfe85c32fa0d44d16ce044eee3b59755107d?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c971a04cf612cbf81bf5ac2e5ca5dfe85c32fa0d44d16ce044eee3b59755107d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c971a04cf612cbf81bf5ac2e5ca5dfe85c32fa0d44d16ce044eee3b59755107d?s=96&d=mm&r=g\",\"caption\":\"Keith Loria\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/keith-loria\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Westwood Financial Snags $171M for Retail Portfolio - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/multi-state-retail-portfolio-lands-171m-in-financing\/","og_locale":"en_US","og_type":"article","og_title":"Westwood Financial Snags $171M for Retail Portfolio","og_description":"HFF lined up the insurance-company financing for 1 million square feet of properties spanning seven mostly Southern states.","og_url":"https:\/\/www.commercialsearch.com\/news\/multi-state-retail-portfolio-lands-171m-in-financing\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2017-08-04T10:44:14+00:00","article_modified_time":"2022-12-08T07:02:10+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Camelback-Village.jpg","type":"image\/jpeg"}],"author":"Keith Loria","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/multi-state-retail-portfolio-lands-171m-in-financing\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/multi-state-retail-portfolio-lands-171m-in-financing\/"},"author":{"name":"Keith Loria","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/aaa29b723dad85f2444ae3cb0c4d735f"},"headline":"Westwood Financial Snags $171M for Retail Portfolio","datePublished":"2017-08-04T10:44:14+00:00","dateModified":"2022-12-08T07:02:10+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/multi-state-retail-portfolio-lands-171m-in-financing\/"},"wordCount":415,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/multi-state-retail-portfolio-lands-171m-in-financing\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Camelback-Village.jpg","keywords":["HFF","Nationwide Life Insurance Company","Westwood Financial"],"articleSection":["Featured","Finance","National","News","Retail"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/multi-state-retail-portfolio-lands-171m-in-financing\/","url":"https:\/\/www.commercialsearch.com\/news\/multi-state-retail-portfolio-lands-171m-in-financing\/","name":"Westwood Financial Snags $171M for Retail Portfolio - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/multi-state-retail-portfolio-lands-171m-in-financing\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/multi-state-retail-portfolio-lands-171m-in-financing\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Camelback-Village.jpg","datePublished":"2017-08-04T10:44:14+00:00","dateModified":"2022-12-08T07:02:10+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/aaa29b723dad85f2444ae3cb0c4d735f"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/multi-state-retail-portfolio-lands-171m-in-financing\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/multi-state-retail-portfolio-lands-171m-in-financing\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/multi-state-retail-portfolio-lands-171m-in-financing\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Camelback-Village.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Camelback-Village.jpg","width":800,"height":620,"caption":"Camelback Village"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/multi-state-retail-portfolio-lands-171m-in-financing\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Westwood Financial Snags $171M for Retail Portfolio"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/aaa29b723dad85f2444ae3cb0c4d735f","name":"Keith Loria","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c971a04cf612cbf81bf5ac2e5ca5dfe85c32fa0d44d16ce044eee3b59755107d?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c971a04cf612cbf81bf5ac2e5ca5dfe85c32fa0d44d16ce044eee3b59755107d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c971a04cf612cbf81bf5ac2e5ca5dfe85c32fa0d44d16ce044eee3b59755107d?s=96&d=mm&r=g","caption":"Keith Loria"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/keith-loria\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/Camelback-Village.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004186011","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/451"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004186011"}],"version-history":[{"count":5,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004186011\/revisions"}],"predecessor-version":[{"id":1004186072,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004186011\/revisions\/1004186072"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004186013"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004186011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004186011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004186011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}