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FINANCING NEWS
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Vestar Finances TX Retail Buy with $8.67 Mil Loan

5/11/17

Vestar has obtained financing of $8.67 mil for the recently acquired Twin Creeks Marketplace, a 43.1k sf, grocery-anchored neighborhood center in Dallas, TX. The 15-year permanent loan was funded through Lincoln National Life Insurance Company.

Developed in 2016, Twin Creeks Marketplace is situated on five acres at 1265 W. Exchange Pkwy, at the intersection with Alma Dr in the Dallas suburb of Allen. The center is 100% leased, including national and regional retailers including Sprouts Farmers Market, Verizon, Starbucks, Advancial Credit Union, Luxe Nails, Studio Smiles and ATI Physical Therapy.





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