Highland Park Village, already undergoing renovations to make room for more retail and a private club, has secured more funds to invest in the premier shopping center.
D Magazine and other media has reported this week on the refinancing of the center, which was purchased in 2009 by a family partnership that includes Ray Washburne and his wife and her sister.
Citing Dallas County deed records, D Magazine reported that the new loan by TH Real Estate, an investment affiliate of Teachers Insurance and Annuity Association of America, totals $225 million—or $54 million more than the 2009 purchase price.
Washburne released a statement saying the new loan would be used “to invest in our property for decades to come.”
Read more here.