JLL Capital Markets announced the closing of the sale of Corner Ridge Crossing, a four-building, Class A+, last-mile industrial park totaling 576,047 square feet in San Antonio.
JLL marketed the property on behalf of the seller, Hines. Leading global investment firm KKR acquired the asset through its Americas opportunistic equity real estate fund.
Completed in 2020, Corner Ridge Crossing is leased to a strong mix of national and regional tenants, including publicly listed multinational e-commerce and food & beverage companies. The property includes four industrial facilities: one cross-dock, one front-load and two rear-load buildings. Each building has clear heights of 28 to 32 feet, 28- to 60-foot dock high doors and truck courts ranging from 130 to 210 feet.
The buildings are located inside of the master planned Cornerstone Industrial Park which is in a strategic infill location in the San Antonio-New Braunfels metropolitan statistical area with immediate access to Interstate 10, Interstate 35 and Loop 410. These major throughfares provide access to four major cities in less than four hours, including Downtown San Antonio, Austin, Houston and Dallas-Fort Worth.
The JLL Industrial Capital Markets Investment Sales and Advisory team that represented the seller was led by Senior Managing Directors Trent Agnew and Dustin Volz, Director Dom Espinosa and Associates Josh Villarreal and Zach Riebe.