Harbor Group Lands $124.6M Refi on Las Colinas Mixed-Use Venture
Berkadia arranged a $124.6 million loan on behalf of Harbor Group International (HGI) to refinance Alesio Urban Center, a mixed-use community featuring 908 apartment homes and 55,499 square feet of retail and commercial space in the Las Colinas submarket of Irving, Texas.
Charles Foschini, Christopher Apone, Shannon Wilson and Lourdes Carranza-Alvarez of Berkadia’s Miami office arranged the financing on behalf of HGI, which acquired the property in 2021.
Blackstone provided the loan, whose proceeds will be used to retire the existing mortgage and cover closing costs.
Located at 385 E. Las Colinas Boulevard, Alesio Urban Center is a 908-unit mixed-use community situated along Lake Carolyn in the heart of Las Colinas Urban Center. Developed in two phases between 1987 and 1995, the property spans 17.29 acres and consists of 14 three- to six-story residential buildings, a structured parking garage and 23 retail and commercial spaces totaling 55,499 square feet.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout