Houston's CityCentre Retail Gets $65M In Financing

By Joyce Hanson (March 13, 2017, 4:36 PM EDT) -- Houston's CityCentre, a 47-acre mixed-use development that replaces a failing mall, has received $65 million in interim financing for a 307,509-square-foot retail component, borrower-side broker Holliday Fenoglio Fowler LP said on Monday.

The borrower, a partnership between Houston-based real estate investment and development firm Midway and Dallas-based L&B Realty Advisors, secured financing with HFF's help through JPMorgan Chase & Co. and First Tennessee Bank for CityCentre's shopping and entertainment center, HFF said.

The center is leased to national and regional retailers and restaurants such as Studio Movie Grill, West Elm, Sur La Table, Eddie V's, BRIO Tuscan Grille, Charming Charlie, H&M,...

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