Radom Capital has successfully secured a $76 million loan for the refinancing of Montrose Collective, a premier 170,000-square-foot shopping center located in the vibrant city of Houston. According to Commercial Edge, this loan was obtained through Prime Finance and serves as a refinancing of the original construction loan. JLL Capital Markets played an integral role in securing this retail financing.
The construction process for Montrose Collective began in 2020 and was completed by 2022. This state-of-the-art shopping center boasts open-air courtyards, an outdoor garden room, spacious patios and approximately 230 parking spaces. Additionally, it features six floors with office space on its upper levels.
At present time,the center is fully leased at an impressive rate of 98 percent. Among its notable tenants are popular restaurants such as Marmo and Amano along with well-known brands like GANNI,Gorjana,Oheya,and The Chelsea.Sisu Clinicand RMA Houston also call this bustling retail hub their home.
Strategically situated at888 Westheimer Road,Montrose Collective is ideally located within Houston’s sought-after neighborhood known as Montrose.Its prime location atthe intersectionof Westheimer RoadandMontrose Blvd.provides easy access to downtown,Houston’s renowned Texas Medical Center,Rice University,and River Oaks – making it highly desirable among both locals and visitors alike.The post Radom Secures $76M Refi for Houston Retail Center appeared first on Connect CRE.
