Harrison Street Secures $42M Loan For Century Square Mixed-Use Property

The Century Square property in College Station, Texas has undergone a refinancing transaction involving a $42 million loan. This mixed-use development features 159,128 square feet of retail space, 57,204 square feet of office space, two hotels with a total of 303 rooms, and 249 multifamily units. Situated near Texas A&M University’s campus, the property also includes open green spaces and was built in 2018.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $42,000,000.00
• Address: 175 Century Square Dr, College Station, Texas
• Market: College Station
• Borrower's Rep: Stephen (Steve) Skok (JLL)
• Borrower: Harrison Street
• Lender: Ares Management

The loan for Century Square was provided by Ares Management Corp. to the borrower, a partnership between Midway Cos. and Harrison Street, based in Houston and Chicago respectively. The transaction was arranged by Colby Mueck, Timothy Joyce, Stuart Hepler, Katherine Miller, and Charlie Strauss of JLL, alongside borrower's representative Stephen (Steve) Skok from Berkadia.