FORT WORTH—Investors represented by Venture Commercial and E&B Investment Trust, have purchased Hulen Fashion Center, a 181,099-square-foot retail center near the city's Hulen Mall. Terms of the salel were not disclosed.
The group bought the property with the help of a $7.17 million loan. Holliday Fenoglio Fowler LP placed the three-year, floating-rate loan with Bank of Texas N.A., according to a report in the Dallas Business Journal.
Hulen Fashion Center is situated on 12.9 acres. The property has a master ground lease on it with 47 years remaining on the lease term.
The shopping center is 89 percent leased. Tenants include Jo Ann Stores, Chili's Grill & Bar restaurant and Men's Wearhouse. Total Wine & More recently opened its second Dallas-Fort Worth area store in the center.
Click Dallas Business Journal to read the full story.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
