Standard Chartered today announced the closing of a US$129.8 million five-year term loan provided to an Ares Real Estate fund (Ares) and funds managed by Northwood Investors for the financing of The Shops at Park Lane, a premier mixed-use retail and office destination in Dallas, Texas.
Standard Chartered acted as Lead Arranger and Administrative Agent on the transaction.
The financing supports Ares’ acquisition of a majority stake in The Shops at Park Lane, a 667,311-square-foot mixed-use property comprising 566,866 square feet of retail space anchored by Whole Foods Market and IKEA, together with 100,445 square feet of Class A office space. Situated at the intersection of Park Lane and North Central Expressway (U.S. Highway 75), the property occupies one of Dallas’ most prominent retail corners.
The transaction establishes a new joint venture that combines Ares’ investment capabilities with Northwood’s retail operating platform, Northwood Retail, and builds on Northwood’s more than 15 years of ownership experience at the asset.
“We are pleased to support Ares and Northwood on the financing of The Shops at Park Lane. This transaction demonstrates our ability to deliver tailored capital solutions for leading real estate investors and reflects our strategic focus on financing high-quality commercial real estate assets,” said Allisson van Dijkum, Head of Commercial Real Estate for the Americas at Standard Chartered.
About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to advance our stakeholders’ long-term goals by providing flexible capital that supports businesses and creates value for our investors and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of March 31, 2026, Ares Management Corporation’s global platform had over $644 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit www.ares.com.
About Northwood Investors LLC
Northwood Investors LLC (“Northwood”) is a privately held real estate private equity firm that owns and operates real estate across the U.S. and Europe. Northwood has completed approximately $20 billion of real estate acquisitions since inception. Northwood seeks to opportunistically acquire well-located real estate with a plan to create value through hands-on asset management. Northwood is vertically integrated with in-house operating teams across the office, multifamily, retail, hospitality, and urban logistics sectors. Please visit northwoodinvestors.com for more information.
About Northwood Retail
Northwood Retail LLC was established by Northwood Investors, a privately held, global real estate investment and management firm. The platform currently leases, manages, and markets a portfolio of community and mixed-use properties across the United States with a concentration in Texas, Colorado, North Carolina, Tennessee, and California. Built upon strong, fundamental real estate principles, Northwood Retail is focused on creating value at each project through a disciplined approach to leasing, development, property management, and marketing. To learn more about the company and its unique properties, visit northwoodretail.com.
About Standard Chartered
We are a leading international banking group, with a presence in 54 of the world’s most dynamic markets. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good.
Our history in the US dates back to 1902, and we are currently present in nine locations throughout the Americas. Our Americas franchise focuses on financial institutions and select corporations and plays a key role in facilitating trade and investment flows between the Americas and Asia, Africa, the UK and Europe and the Middle East.
Standard Chartered PLC is listed on the London and Hong Kong stock exchanges. For more stories and expert opinions please visit Insights at sc.com. Follow Standard Chartered on X, LinkedIn, Instagram and Facebook.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260629937260/en/
Media gallery
