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MQ Receives $18.8M Construction Loan for Grocery-Anchored Retail Center in Prosper

Kroger will anchor the second phase of the Shops at Prosper Trail.

Kroger will anchor the second phase of the Shops at Prosper Trail.

PROSPER, TEXAS — MQ Development Co. has received an $18.8 million construction loan for Shops at Prosper Trail, a retail center under construction in the North Texas city of Prosper. Kroger will anchor the 27.7-acre project, which is currently in its second stage of development. Todd McNeill of Metropolitan Capital Advisors Ltd. arranged the loan, which features 4.5 percent interest and a 70 percent loan-to-cost ratio.

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