Northmarq’s San Antonio office completes acquisition financing of $14.05 million for retail property in Houston, Texas

Westheimer Court
03a277a9-0e02-48cc-b314-42df7827796a.jpg

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. 

 

View Available Shopping Center Listings

Meet our team

About Northmarq 
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
Transactions

Related Transactions

Explore all transactions
NM Web Icon News Black

Stay on top of industry research

Subscribe