FORT WORTH— Thackeray Partners secured financing to purchase retail power center, Ridge Rock Plaza, in Fort Worth, Texas. CBRE's Debt & Structured Finance group arranged acquisition financing on behalf of Thackeray Partners to obtain an $11 million non-recourse loan.
The eight-year loan has a fixed rate for five years and will then float over Libor for the remainder of the term.
Ridge Rock Plaza is located on Overton Ridge Blvd. in southwest Ft. Worth. The property is situated in a retail hub anchored by Hulen Mall near one of Fort Worth's premier residential areas. There is currently no big box space available in the three million square feet in the immediate area said CBRE.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
