NEW YORK--New York City-based Angelic Real Estate has completed closings of four Texas properties. Three of the transactions were financings, and on one, the company was both a buying partner as well as the arranger of debt and equity financing.

• Los Indios Shopping Center in San Antonio: Angelic refinanced the Los Indios Shopping Center at 905 Pleasanton Rd. for a Brooklyn, N.Y.-based borrower. The borrower acquired the 75,577-square-foot retail center in 2007. The new five-year term loan has a 25 year amortization and limited recourse to the borrower. Gabriel Silverstein, president of Angelic, led the financing, along with Louis D'Lando of Angelic's Boca Raton, Fla. office.
• 610 Uptown Boulevard in Cedar Hill: Angelic structured and placed a $5.63M acquisition and good news first lien financing for the property, located in a suburb south of Dallas. The property is a class A suburban office building anchored by Strayer University and shared-office provider Regus. The property is the feature office building in the Cedar Hill Town Center development, which continues to expand with new construction, particularly of retail stores. The team was led by Silverstein and D'Lando.
• Hobby Area Industrial Building: Angelic secured a $1.6M refinancing and expansion construction loan for an industrial building adjacent to Hobby Airport. A Houston-based private equity ownership syndicate has owned the building for nearly ten years, and just renewed the building's tenant, Kenmore Electric, for an additional 10 year term, including an 8,000 square foot expansion of the building, which is currently 25,000 square feet. The team was led by Silverstein and D'Lando.

• Decker Hills: This two building, 95,875-square-foot office property in Irving was recently acquired in an off-market joint venture transaction between Red River, Chestnut Development Partners, Angelic Real Estate and DW Energy. Debt financing and the equity investment partnership with Chestnut was arranged by Angelic; Red River, also based in New York, led the acquisition and will be the asset manager. The building was purchased at an actual occupancy of 63 percent and Red River immediately took it to 85 percent occupied by filling a full 21,000-square-foot floor with Dallas based oil & gas company DW Energy. DW Energy is moving from Carillon Towers.