Fidelis Realty Partners refinances retail center
Summary
Fidelis Realty Partners has refinanced the 336 Marketplace shopping center in Conroes Grand Central Park community. Houston-based Fidelis developed the 471,752-square-foot power center, which is anchored by Kroger, Michaels, Dick’s Sporting Goods, Marshalls, Five Below, Ross Dress for Less, HomeGoods, Ulta Beauty, DSW and Burlington. The center, on 72 acres at the southwest corner of Interstate 45 and South Loop 336, was substantially completed in 2019. More than 36,000 residents with an average annual household income of nearly $80,000 live within a three-mile radius of the center, according to JLL, which arranged the new financing. RELATED: Fidelis to open power center on former Exxon campus in NW Houston Guardian Life Insurance Co. of America provided the 10-year, fixed-rate loan, which was arranged by JLLs Colby Mueck, Molly Leinsdorf and Tolu Akindele.
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