DALLAS--HFF has arranged a $65.5 million refinancing for Bassett Place, a 595,399-square-foot regional mall in El Paso.
HFF worked on behalf of the borrower, Cypress Equities, to secure the 10-year, fixed-rate loan with Goldman Sachs Mortgage Co. HFF is servicing the securitized loan, which will be used to pay off existing debt and fund food-court renovations and the new Dave & Buster's addition. HFF was unable to offer additional details about the refinance by press time.
Bassett Place, one of El Paso's most popular shopping destinations, currently has seven anchor tenants, including Target, Kohl's, Marshalls, Ross Dress for Less, Office Depot, Conn's and Premiere Cinemas IMAX; five restaurants and 41 store tenants.
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