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MetroNational Acquires M-K-...

MetroNational Acquires M-K-T Heights Mixed-Use Development In Houston With Partners Radom Capital And Triten Real Estate Partners
SOLDMixed-use

MetroNational Acquires M-K-T Heights Mixed-Use Development In Houston With Partners Radom Capital And Triten Real Estate Partners

Building Size

218,000 SF

Asset Type

Mixed-use

Closing

Mar 27, 2026

AI

The M-K-T Heights is a mixed-use development located in Houston, comprising 218,000 square feet. The property features approximately 100,000 square feet of Class-A office space alongside 100,000 square feet dedicated to retail and dining, with tenants including Lululemon, Sweetgreen, and Ray-Ban.

Summary of transaction details:

MetroNational entered into a joint venture with Radom Capital and Triten Real Estate Partners for the acquisition of the M-K-T Heights development, which was initially developed by Radom and Triten. The collaboration emphasizes the strong partnership among the involved parties in enhancing the potential of this mixed-use asset.

Players

Scott Arnoldy

Triten Real Estate Partners

Buyer

$150M

vol

8 deals

Buyer

Market Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93