Marcel Commons

Location: The Woodlands, TX
Type: Retail
Price: $13,000,000

SMC has provided a $13,000,000 ten-year fixed rate mortgage to refinance existing debt collateralized by Marcel Commons, a 100% occupied retail center built in 2016 that is located in The Woodlands, a suburban master-planned bedroom community 33 miles north of downtown Houston. The Property is highly accessible given its proximity to from I-45 within 2.5 miles directly east. George Bush International Airport (IAH) is located 20 miles from the Subject. The Property is located in a high growth corridor along a major thoroughfare that has attracted both commercial and residential development, and is enveloped by recently delivered multifamily projects that enhance its retail demand and the long-term viability of its location.