Northmarq’s San Antonio office completes acquisition financing of $14.05 million for retail property in Houston, Texas
SAN ANTONIO, TEXAS (January 25, 2022) – Bryan Leonard, senior vice president/managing director of Northmarq’s San Antonio debt/equity office, arranged acquisition financing of $14.05 million for Westheimer Court. The 43,465 sq. ft. unanchored strip retail property (originally built in 2007) is located at 5300 – 5370 Westheimer Road in Houston, Texas. Northmarq finalized the permanent-fixed loan for the borrower through its relationship with a credit union.
Westheimer Court is 100 percent leased and is located along the highly trafficked Westheimer Road in Houston. Tenant profile includes bar/restaurants, home furnishings, financial services, and auto care. With close proximity to the Galleria, executive housing, and strong employment centers, this parcel offers significant redevelopment opportunity along with the already strong retail performance.
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