Village Center Plaza

Location: Katy, TX
Type: Retail
Price: $8,300,000

SMC has provided an $8,300,000 ten-year fixed rate mortgage to refinance CMBS existing debt collateralized by Village Center Plaza, a 100% leased, 36,124 SF retail shopping center located in Houston, TX, 30 miles west of the CBD. The Subject is highly accessible given ingress/egress along Westheimer Parkway, a major east-west corridor which starts in Katy and continues through to Houston’s Midtown submarket. The Property is located near I-10 (to the north) and the Westpark Toll Road (to the south) on one of the busiest retail corridors in West Houston (Grand Parkway/Highway 99). Additionally, consumer traffic is supplemented by the Subject’s location adjacent to The Market at Village Center, a 97,761 SF Class A power center that is shadow-anchored by a 174,000 SF Super Target and that is junior-anchored by HomeGoods, Michaels and OfficeMax.