Aldine Plaza

Location: Houston, TX
Type: Retail
Price: $4,350,000

SMC has provided a $4,350,000 ten-year fixed rate mortgage to refinance existing debt collateralized by Aldine Plaza, a 100% leased, 28,848 SF retail shopping center constructed in two phases between 1992 and 2016. The Property is located in Houston, TX, 12 miles north of the CBD and eight miles south of the George Bush Intercontinental Airport. The Property is situated near the region’s major freeway systems (I-45, Hardy Toll Road, I-69, and the Sam Houston Tollway are all within four miles of the Property), and is within the immediate proximity of the under-construction East Aldine Town Center, a major mixed-use development that sits across 61-acres and represents more than $65 million of current publicly and privately funded development.