Prime Finance Refinances Houston's Montrose Collective Shopping Center With $760M Loan | 888 Westheimer Road | Prime Finance | Michael Johnson, Colby Mueck, Jack Britton | Retail | Loan

Summary

Loan

TEXAS

Retail

169,514 sqft

The loan amount of $760,000,000 is secured by Radom Capital to refinance Houston's Montrose Collective, a 169,514-square-foot shopping center located at 888 Westheimer Road in Houston's market.

Summary of transation details:

Property Type: Retail
Transaction Amount: $760,000,000
Address: 888 Westheimer Road
Market: Houston
Asset Type: Retail
Square Footage: 169,514

JLL Capital Markets, representing the borrower, arranged the financing through Prime Finance for the refinance transaction. Colby Mueck, Jack Britton, and Michael Johnson from JLL played a key role as brokers in securing the loan for Radom Capital.

Players

All
5

Agents
3
Agencies
1
Lenders
1

Michael Johnson

Senior Director

Colby Mueck

Senior Managing Director

$450M Sold

Details

Deal Summary

FINANCED

IMAGE: Steve Radom, Colby Mueck, Jack Britton & Michael Johnson DATE: 03/15/2024 ADDRESS: 888 Westheimer Road MARKET: Houston ASSET TYPE: Retail ~ SF: 169,514 LENDER: Prime Finance LANDLORD: Steve Radom (@SteveRadom) - Radom Capital (@RadomCapital) BROKERS: Colby Mueck, Jack Britton & Michael Johnson - JLL (@JLL) LOAN AMOUNT: $760,000,000 LOAN TYPE: Refinance NOTE: Radom Capital secures $76 million loan to refinance Houston's Montrose Collective, a 169,514-square-foot shopping center. JLL Capital Markets arranges financing through Prime Finance, reflecting strong demand for retail real estate in Houston despite increased supply.

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Address888 Westheimer Road

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