“Highland Park Village continues to evolve to meet the needs of our tenants, our shoppers and our community,” said Ray Washburne, president of HP Village Partners. “This financing will provide us with the capital necessary to invest in our property for decades to come.”

The landmark center is leased to 75 tenants, including fashion icons such as Hermès, Chanel, Jimmy Choo, Christian Louboutin, Harry Winston, Tom Ford, Christian Dior, Cartier, Valentino and Tory Burch, and restaurants such as Mi Cocina, Bistro 31, Honor Bar, Café Pacific along with two new restaurants opening soon: the Nick Badovinus concept Perfect Union Pizza Company and Julian Barsotti's Fachini.

“We are very pleased to have added this iconic retail center to our US loan portfolio,” said Ted Norman, TH Real Estate's US head of originations. “We are excited to be working with a top-tier sponsor in HP Village Partners for many years to come.”

Completed in 1931, Highland Park Village is designated as a National Historic Landmark. Volk's Shoes and Hunt's Grocery were among the original stores. In 1935, the Village Theatre, the first luxury theater in Texas, is built at a then-staggering cost of more than $100,000. And in 1939, The Woman's Exchange opened in the Village, which still exists today as St. Michael's Woman's Exchange, GlobeSt.com learns.

Underground parking was added under existing buildings in 1953 to keep pace with a more car-oriented society. In 1966, Highland Park Village was sold to Howard Corporation.

A decade later, Henry S. Miller Jr. and partners buy Highland Park Village. Following the next decade, Henry S. Miller III took over as managing partner of Highland Park Village, buying out the Oshman's lease and repositioning the center with such international luxury brands as Chanel.

At the same time, the old Village Theatre closed. The following year, AMC reopened the renovated theater and moved the screens upstairs, creating 11,000 square feet in retail space in the process. Sanger Harris also becomes Foley's that year.

Fast forward to 2009, when Henry S. Miller Interests Inc. sold Highland Park Village to Washburne and Stephen Summers of HP Village Partners LP. The next year, The Village Theatre completed a major renovation to reopen just before the holidays, GlobeSt.com learns.

While completed in 1931, Highland Park Village is not the first outdoor shopping center in the country. That distinction goes to the Country Club Plaza in Kansas City, MO, with architecture modeled by buildings in Seville, Spain. It was designed in 1922 as the nation's first suburban open-air shopping center and public art gallery with fountains, sculptures and murals.

DALLAS—Within Dallas/Fort Worth's tightening retail market, strong net absorption and deliveries pushed occupancy rates to new highs, reaching 94.6%, according to CBRE's second quarter 2017 retail market report. The prevalence of steadying rent and long-term lease signings ensure retail space will remain filled and availability taken off the market quickly, GlobeSt.com learns. It also ensures continuing high investor and capital markets interest in the area.

Perhaps the cream of the DFW retail crop is Highland Park Village, home to more than 250,000 square feet of designer stores and restaurants in the historic Highland Park neighborhood. The center comprises seven buildings separated by pedestrian walkways and one-way drives with storefront parking along with valet service.

Situated on 9.7 acres in the northern part of Dallas, the center is at the southwestern corner of Preston Road and Mockingbird Lane in the affluent Highland Park neighborhood, one mile from the campus of Southern Methodist University. The average annual household income within a one-mile radius of Highland Park Village is more than $215,900.

HP Village Partners LP recently obtained a new long-term fixed-rate refinance loan with TH Real Estate, an investment affiliate of Nuveen (the investment management arm of TIAA) for the center. The loan amount was undisclosed. The Holliday Fenoglio Fowler team worked on behalf of the borrower to secure and service the loan. The HFF debt placement team consisted of senior managing director John Brownlee and senior director Cullen Aderhold.

“Highland Park Village continues to evolve to meet the needs of our tenants, our shoppers and our community,” said Ray Washburne, president of HP Village Partners. “This financing will provide us with the capital necessary to invest in our property for decades to come.”

The landmark center is leased to 75 tenants, including fashion icons such as Hermès, Chanel, Jimmy Choo, Christian Louboutin, Harry Winston, Tom Ford, Christian Dior, Cartier, Valentino and Tory Burch, and restaurants such as Mi Cocina, Bistro 31, Honor Bar, Café Pacific along with two new restaurants opening soon: the Nick Badovinus concept Perfect Union Pizza Company and Julian Barsotti's Fachini.

“We are very pleased to have added this iconic retail center to our US loan portfolio,” said Ted Norman, TH Real Estate's US head of originations. “We are excited to be working with a top-tier sponsor in HP Village Partners for many years to come.”

Completed in 1931, Highland Park Village is designated as a National Historic Landmark. Volk's Shoes and Hunt's Grocery were among the original stores. In 1935, the Village Theatre, the first luxury theater in Texas, is built at a then-staggering cost of more than $100,000. And in 1939, The Woman's Exchange opened in the Village, which still exists today as St. Michael's Woman's Exchange, GlobeSt.com learns.

Underground parking was added under existing buildings in 1953 to keep pace with a more car-oriented society. In 1966, Highland Park Village was sold to Howard Corporation.

A decade later, Henry S. Miller Jr. and partners buy Highland Park Village. Following the next decade, Henry S. Miller III took over as managing partner of Highland Park Village, buying out the Oshman's lease and repositioning the center with such international luxury brands as Chanel.

At the same time, the old Village Theatre closed. The following year, AMC reopened the renovated theater and moved the screens upstairs, creating 11,000 square feet in retail space in the process. Sanger Harris also becomes Foley's that year.

Fast forward to 2009, when Henry S. Miller Interests Inc. sold Highland Park Village to Washburne and Stephen Summers of HP Village Partners LP. The next year, The Village Theatre completed a major renovation to reopen just before the holidays, GlobeSt.com learns.

While completed in 1931, Highland Park Village is not the first outdoor shopping center in the country. That distinction goes to the Country Club Plaza in Kansas City, MO, with architecture modeled by buildings in Seville, Spain. It was designed in 1922 as the nation's first suburban open-air shopping center and public art gallery with fountains, sculptures and murals.