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Population Growth and Retail Location Key to Funding

HOUSTON—Hedwig Village benefits from a visible location that features a regional draw from the 300,000 vehicles that travel along the Katy Freeway each day.

By Lisa Brown | lisabrown | | Updated on May 20, 2016
Hedwig Village Hedwig Village benefits from a visible location on the Katy Freeway.
HOUSTON—Strong tenant demand coupled with Houston’s solid population growth continue to drive financing for retail assets. On behalf of Fidelis Realty Partners, JLL’s capital markets experts completed recapitalization financing for Hedwig Village Shopping Center . John Hancock provided the 10-year, interest only loan. Fidelis will continue to lease and manage the property. Executive managing director Tom Fish and managing director, Jimmy Board , led the JLL team on the deal. Hedwig Village is a 227,000-square-foot regional power center located along the south side of the expansive 26 lane Katy Freeway (Interstate 10), Houston’s main east-west thoroughfare, at the intersection of Echo Lane. Hedwig Village benefits from this visible location that features a regional draw from the 300,000 vehicles that travel along the Katy Freeway each day. The shopping center provides excellent access with curb cuts on three sides, along Interstate 10 on its northern boundary, Mustang Lane to the east and Gaylord Drive to the south. The shopping center also caters to the affluent Hedwig Village and Piney Point neighborhoods. It is surrounded by the highly affluent six Memorial Villages and is adjacent to Memorial High School and its 2,500 students The surrounding 77024 zip code is among the most affluent zip codes in the United States, which adds to the excellent customer base that services this busy center. The property is anchored by strong national retailers including Marshall’s, Home Goods, Ross Dress for Less, Office Max, DSW, Kirkland’s and Pier 1 Imports . Additional co-tenants include Buffalo Wild Wings, Longhorn Steakhouse, Verizon Wireless, Catherine’s, Mattress Firm and many others. Board tells GlobeSt.com: “Hedwig Village’s irreplaceable location in the Memorial Villages, coupled with high quality tenants, and institutional ownership, management and leasing, made this a highly sought-after financing opportunity for debt providers.”  

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