February 11, 2020— JLL Capital Markets announced today that it has arranged financing for 336 Marketplace, a recently constructed, 471,752-square-foot, grocery-anchored retail power center in the Houston-area community of Conroe, Texas.
JLL worked on behalf of the borrower, Fidelis Realty Partners, to place the 10-year, fixed-rate, non-recourse loan with The Guardian Life Insurance Company of America.
336 Marketplace is situated on 72 acres at the southwest corner of Interstate 45 and South Loop 336 in Conroe, the fastest-growing city (among cities with more than 50,000 residents) in Montgomery County. The center’s location within the Grand Central Park masterplan occupies the former Camp Strake site and has more than 36,000 residents earning an average annual household income of nearly $80,000 within a three-mile radius. Substantially completed in 2019, 336 Marketplace is home to a variety of tenants, including anchors Kroger, Michaels, Dick’s Sporting Goods, Marshalls, Five Below, Ross Dress for Less, HomeGoods, Ulta Beauty, DSW and Burlington.
The JLL Capital Markets debt placement team was led by Senior Managing Director Colby Mueck and Analysts Molly Leinsdorf and Tolu Akindele.