Trademark Property Company And Harrison Street Asset Management Secure $77M Construction Loan In Southlake

Trademark Property Company and Harrison Street Asset Management obtained $77 million in construction financing from Madison Realty Capital for a development project located at 1900 North White Chapel Boulevard in Southlake, Texas. This mixed-use development site spans 40.2 acres and is set to feature 37 single-family lots, along with 161,000 square feet designated for retail and office use, including a 35,500-square-foot Whole Foods, marking the grocer’s first location in Southlake.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $77,000,000
• Address: 1900 North White Chapel Boulevard
• Market: Southlake, TX
• Asset Size: 40.2 acres
• Lender: Josh Zegen & Samir Tejpaul - Madison Realty Capital
• Landlord: Christopher Merrill - Harrison Street Asset Management; Terry Montesi - Trademark Property Company
• Loan Type: Construction

Josh Zegen and Samir Tejpaul represent Madison Realty Capital in this financing deal, while Christopher Merrill and Terry Montesi act on behalf of Harrison Street Asset Management and Trademark Property Company, respectively, ensuring the proper negotiations and terms for the construction financing are met for this significant development.