Thedevelopment will include 50,000 square feet of retail and 100,000square feet of office space.
HOUSTON—The Montrose Collective is a four-building mixed-usedevelopment with 150,000 square feet of creative office and retailspace in Houston's Montrose District. It comprises four landparcels totaling 2.44 acres at the corner of Westheimer Road andMontrose Boulevard.
Construction financing and joint venture equity in the amount of$104.75 million was recently arranged for the project. A JLLcapital markets team worked on behalf of the borrower, RadomCapital, to secure the construction loan with Bank OZK and jointventure equity from institutional investors advised by JP MorganAsset Management.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
