HOUSTON – (Realty News Report) – JLL has arranged a $42 million refinancing for Century Square, a 60-acre mixed-use development with 159,128 square feet of retail and 57,204 square feet of office space adjacent to Texas A&M University in College Station.
JLL worked on behalf of the borrower, a partnership between Houston-based Midway Companies and Chicago-based Harrison Street, to place the non-recourse loan that was provided by funds managed by Ares Management Corporation’s Real Estate Group.
Completed in 2018, Century Square is the first walkable, urban mixed-use environment in the area and with dining, entertainment and retail with national brand and local boutiques. The development includes activated green space.
Century Square also contains hotels and apartments which were not included in the financing: The George and Calvary two boutique hotels with a total of 303 rooms; and the 249-unit 100 Park multifamily community.
The JLL Capital Markets team representing the seller was led by Senior Managing Director Colby Mueck, Managing Directors Timothy Joyce and Stephen Skok and Analysts Stuart Hepler, Katherine Miller and Charlie Strauss.