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JLL Arranges Sale, Financing on Spring Retail

JLL Capital Markets closed the sale of Rayford Village, a 19,950-square-foot, fully leased retail center in the north Houston-area suburb of Spring. The capital markets team also arranged acquisition financing. Terms weren’t disclosed.

JLL marketed the properties on behalf of seller BNS Rayford Partners, LP. Working on behalf of the new owner, JLL placed the 10-year, fixed-rate acquisition loan with First Community Credit Union.

Rayford Village comprises two adjacent buildings that are home to a variety of national and local retailers, including Cole Veterinary Services, SK Salon, Goodwill, Pizza Hut, Papa John’s, DC Cleaners and Nail Bar. More than 64,500 residents earning an average annual household income of $114,757 live within a three-mile radius.

The JLL Retail Capital Markets team representing the seller was led by Ryan West, John Indelli and Katherine Miller. The debt placement team advising the new owner included Michael Johnson, Stuart Helper and Trey Pizzitola.


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).