CBRE arranges financing for $41.6 million portfolio

Dallas — CBRE Capital Markets arranged financing for the acquisition of a portfolio of 16 shopping centers totaling approximately 417,000 sq. ft. Located across the country, each of the 16 strip centers is adjacent to a Wal-Mart Supercenter shadow anchor. CBRE worked on behalf of the borrower, a partnership between Dallas-based Fountain Capital and Cheney & Mathes Properties, to obtain a 10-year, $41.6 million fixed-rate, non-recourse loan through the Goldman Sachs Mortgage Co.



The 16 properties are located in 10 states with a strong presence in the state of Texas. The portfolio is 96% leased to 145 tenants, including multiple locations of Dollar Tree (9), Cato (12) and Hibbett Sports (5).