Northmarq’s Houston Debt + Equity team arranges refinancing of Centre at Bunker Hill retail facility

HOUSTON — Northmarq’s Houston Debt + Equity team led by Matt Franke successfully arranged the refinancing of Centre at Bunker Hill, a 430,000 square foot anchored retail facility located at the NEC of Bunker Hill Road and Interstate 10 in Houston, Texas.

Northmarq arranged permanent financing on behalf of the borrower, Smithco Houston, LLC, through their relationship with Northwestern Mutual Life. The transaction was structured with a competitive fixed rate.

“I’ve been lucky to have financed this property four times since 2001 including three times for the current owner,” Franke said. “I’ve been amazed by the exceptional tenant retention at Centre at Bunker Hill, with all of the anchor tenants and several inline retailers in occupancy since initial construction. Northwestern Mutual provided a competitive fixed rate coupled with a streamlined closing process made it an easy choice to refi with them.”  

Built in 2001 and sitting on 36 acres, Centre at Bunker Hill features national and regional brand tenants including Costco, Lowe’s, Best Buy, and Michael’s.  The property boasts a prime location along Interstate 10/Katy Freeway, which features roughly 380,000 vehicles per day, as well as Bunker Hill Road. The property has easy access and great visibility from the freeway.