May 26, 2017
JLL’s Capital Markets’ secured $175 million to refinance Market Street, The Woodlands, an approximately 493,400-square-foot mixed-use asset north of Houston. Morgan Stanley and Wells Fargo partnered to provide the fixed-rate loan on behalf of Institutional Mall Investors LLC.
JLL’s Tom Melody and John Ream led JLL’s team on the financing.
“This is an exceptional asset in the heart of The Woodlands, a prestigious master-planned community,” said Melody. “Institutional ownership and a very strong tenant base made this a great lending opportunity.”
The asset includes roughly 375,600 square feet of retail space and 114,900 square feet of office. More than 80 dining, shopping and entertainment destinations are located at the center, which is anchored by H-E-B and Cinemark. Other notable tenants include: Tory Burch, Tiffany & Co., Michael Kors, Kendra Scott, Tesla Motors, Lululemon, Athletica and Vineyard Vines. A 70-key Hyatt Centric hotel serves as a shadow anchor.
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