PEARLAND (HFF) – HFF announced today that it has arranged joint venture equity and construction financing for the Center at Pearland Parkway, a 165,000-sf Class-A power center development.
HFF worked on behalf of the developer, Stream Realty Partners, to arrange a joint venture with Dallas-based Thackeray Partners. HFF also secured a construction loan through Bank of the Ozarks.
The Center at Pearland Parkway is on 27 acres at the northwest corner of FM 518 and Pearland Pkwy., southeast of Houston’s central business district.
Due for completion in fourth quarter 2014, the property is next to a 146,000-sf Lowe’s and will be shadow-anchored by a new HEB grocery store scheduled to open this spring.
The property is preleased to national tenants including TJ Maxx and Ross Dress for Less.