JLL Capital Markets announced today that it has arranged the acquisition financing for two retail centers in high-growth markets in Central Texas, including the 7,090-square-foot The Shops at The Rim in San Antonio and the 6,991-square-foot 3701 Guadalupe in Austin.
JLL worked on behalf of the borrower, Door Capital Partners, to secure the five-year, fixed-rate loan. Additionally, JLL marketed The Shops at Rim on behalf of the seller.
Located at 6028 Worth Parkway, The Shops at The Rim is situated within the 1.8-million-square-foot mixed-use district, The Rim, in northwest San Antonio. The property is easily accessible from I-10 surrounded by San Antonio’s largest employment centers, top-end demographics, entertainment destinations and education and military hubs. Built in 2012, The center is 100% occupied, and tenants include The Rim Dental Care, Starbucks Coffee, Pigtails & Crewcuts and GNC.
3701 Guadalupe is located on the northern edge of West Campus, in the center of off-campus living for University of Texas students. It is also within proximity to the affluent neighborhoods within Austin, such as Hancock, Hyde Park and Old West Austin. The 1976-built center is 100% leased to Domino’s, Walgreens, Smile Haus, Body Brite and Evo Performance.
The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Director CW Sheehan and Analysts Kaitlin Kane and Hunt Wood. The JLL Capital Markets Investment Sales Advisory Team was led by Senior Managing Director Chris Gerard and Analyst Jack Copher.