Dhanani Acquires 42,000 SF Grocery-Anchored Retail Center in Metro Houston

by Taylor Williams

SUGAR LAND, TEXAS — Houston-based Dhanani Private Equity Group has acquired Fort Bend Center, a 42,000-square-foot retail center in Sugar Land. Kroger anchors the center, which also houses tenants such as Gyro King and Ritz Nails. Ryan Watson of mortgage banking firm Q10 KDH secured an undisclosed amount of acquisition financing through a CMBS lender for the sale, the seller of which was not disclosed. The non-recourse loan featured a fixed 5.05 percent interest rate, a 30-year amortization schedule and a 75 percent loan-to-cost (LTC) ratio.


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