JLL Capital Markets arranged the sale of PAM Health Warm Springs Rehabilitation Hospital Northeast in San Antonio. JLL Capital Markets also represented the buyer in arranging acquisition financing.

JLL represented the seller, The Sanders Trust, in the sale and placed financing for the buyer, Norvin Healthcare Properties.

The hospital features inpatient rehabilitation and is a joint venture between PAM Health (PAM) and Bexar County-based, University Health. PAM is the fourth largest post-acute care operator in the United States with 65 hospitals nationwide. Completed in 2021, the newly constructed hospital features 40 beds in 38,667 square feet, therapeutic equipment, modern amenities and a comfortable environment to facilitate patients’ recovery from health events such as stroke and brain trauma.

PAM Health Warm Springs Rehabilitation Hospital Northeast is located at 11407 Wayland Way in San Antonio, the 24th largest metro in the United States. The hospital is in the desirable northeast area of San Antonio and is one of three inpatient rehabilitation hospitals operated by PAM in the San Antonio area, ensuring significant market penetration by PAM in serving patients requiring intensive inpatient therapy following discharge from an acute care hospital.

The JLL Capital Markets team was led by Senior Managing Directors Mindy Berman and Brian Bacharach and Director CJ Kodani. The JLL Capital Markets team that raised acquisition financing for the purchaser was Director Anthony Sardo and Managing Director Tim Joyce.

JLL Capital Markets closed the sale of Freeport Business Centre, an industrial warehouse totaling 198,000 square feet near San Antonio, Texas.

JLL represented the seller, Becknell Industrial, in the sale to Harbor Capital, the buyer, represented by Avison Young.

Freeport Business Centre, built in 2008, is situated on 9.93 acres and features a rear-load configuration, 40-foot clear heights, 24 dock-high doors, a 130-foot-deep truck court and 94 auto parking spaces.

The property is located at 10120 Fischer Road, less than one mile from Interstate 35, which connects Mexico to the U.S. to Canada and provides accessibility throughout San Antonio via Loop 410 and Loop 1604. The submarket is home to Toyota’s 1.5 million-square-foot manufacturing plant and Navistar’s recently delivered one million-square-foot manufacturing hub, which are a few miles from Freeport. The property is within proximity to Downtown San Antonio, offering convenient access to all parts of the city, including the Far West, one of the fastest growing areas of San Antonio. Additionally, its proximity to major transportation routes further enhances its ability to serve as a premier last-mile distribution facility and capitalize on the robust U.S.-Mexico nearshoring trend.

With easy access to the Texas Triangle, the area between Dallas/Fort Worth, Houston and San Antonio, Freeport Business Centre tenants can reach over 25 million people in a matter of hours. Over the next 40 years, the population of the Texas Triangle is projected to grow more than 65%, resulting in 78% of Texans living within the area.

The JLL Capital Markets Industrial Investment Sales and Advisory team was led by National Industrial Group Co-Lead & Senior Managing Director Trent Agnew, Director Josh Villarreal and Analyst Greer Shetler.

The Avison Young team, representing the buyer, was led by Stan Nowak.