Owners of the landmark Highland Park Village shopping center have refinanced the property with one of the country's biggest pension fund lenders.

Teachers Insurance and Annuity Association of America made a $225 million loan on the 10-acre luxury retail center at Preston Road and Mockingbird Lane, Dallas County records show.

Built in 1931, Highland Park Village was one of America's first shopping centers and has some of the highest rents and most exclusive retailers in the state.

Holliday Fenoglio Fowler L.P said it represented owner HP Village Partners LP to obtain the new long-term fixed-rate loan with TH Real Estate, an investment affiliate of Nuveen (the investment management arm of TIAA). HFF will service the loan.

"Highland Park Village continues to evolve to meet the needs of our tenants, our shoppers and our community," Dallas businessman Ray Washburne, President of HP Village Partners, said in a statement. "This financing will provide us with the capital necessary to invest in our property for decades to come."

President Donald Trump recently appointed Washburne to head the Overseas Private Investment Corporation, a federal agency that helps American businesses invest in emerging markets by providing financing, political risk insurance, advocacy and partnering with private equity investment fund managers.

Washburne and a group of family members and investors purchased Highland Park Village for about $171 million in in 2010.

The 7-building Highland Park Village complex is leased to 75 tenants, including Hermès, Chanel, Jimmy Choo, Christian Louboutin, Harry Winston, Tom Ford, Christian Dior, Cartier, Valentino and Tory Burch. The center has restaurants including Mi Cocina, Bistro 31, Honor Bar and Café Pacific.

HFF says that the average annual household income within a 1-mile radius of Highland Park Village is more than $215,900.

Since acquiring the property in 2010, the new owners have remodeled the center and brought in additional tenants.

Construction is underway to redevelop the central former bank building on Preston Road into a combination of retail space and a private club.