“Market Street has had continued success attracting first-to-market/high-end retailers and restaurants,” Ream tells GlobeSt.com. “The solid performance of the asset helped attract excellent financing options from CMBS lenders and ultimately allowed us to secure a competitive overall deal structure.”

The asset has approximately 375,600 square feet of retail space and approximately 114,900 square feet of office space. It has more than 80 dining, shopping and entertainment destinations, and 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. Recent luxury additions such as Brooks Brothers and the shadow anchor 70-room boutique Hyatt Centric hotel make it a notable shopping, dining and entertainment destination for Houston-area residents and guests.

THE WOODLANDS, TX—Solid performance, including institutional ownership, key anchor tenants and other national brand leases, helped attract refinancing options for Market Street–The Woodlands, an approximately 493,400-square-foot mixed-use asset. Morgan Stanley and Wells Fargo partnered to provide the $175 million fixed-rate loan.

JLL's capital markets team secured the funding on behalf of Institutional Mall Investors LLC. Executive managing director Tom Melody and senior vice president 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 mixed-use town center features retail, restaurants, a cinema, offices and a hotel in the master-planned community, The Woodlands. Located across the street from the Cynthia Woods Mitchell Pavilion, the center is bound by Lake Woodlands Drive, Lake Robbins Drive, Grogan's Mill Road and Six Pines Drive.

“Market Street has had continued success attracting first-to-market/high-end retailers and restaurants,” Ream tells GlobeSt.com. “The solid performance of the asset helped attract excellent financing options from CMBS lenders and ultimately allowed us to secure a competitive overall deal structure.”

The asset has approximately 375,600 square feet of retail space and approximately 114,900 square feet of office space. It has more than 80 dining, shopping and entertainment destinations, and 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. Recent luxury additions such as Brooks Brothers and the shadow anchor 70-room boutique Hyatt Centric hotel make it a notable shopping, dining and entertainment destination for Houston-area residents and guests.