Category: Deals & Announcements

Class A industrial building, Freeport Business Centre, trades in South San Antonio

Posted on by Mia Goulart

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.

Khaadi signs lease for second U.S. store at Houston Galleria

Posted on by Mia Goulart

Cushman & Wakefield announced that the firm represented global retailer Khaadi in leasing 4,700 square feet at The Houston Galleria in Houston, Texas.

Cushman & Wakefield’s Eric Lestin and Michael Burgower represented Khaadi in the transaction with landlord Simon Properties Group. Lestin represents Khaadi across North America.

Tysons Corner Center in Tysons Corner, Virginia, marks Khaadi’s first U.S. location, The Galleria in Uptown Houston will be Khaadi’s second. Khaadi plans to occupy its new space in Tysons Corner by year end and its Houston location in the first quarter of 2024, with plans to open further stores in U.S. and Canada.

Sale of a newly constructed, Class A industrial facility closes in South Dallas

Posted on by Mia Goulart

JLL Capital Markets represented the seller in the sale of Southfield Park 35 – Building 5, an industrial facility totaling 489,310 square feet in DeSoto, Texas. The property, developed by Seefried Industrial Properties and Affinius Capital, was delivered in September 2022.

Situated on 33.91 acres, the best-in-class asset features 40-foot heights, 185-foot truck court depths, 117 dock doors and 144 trailer parking spaces with the ability to create an additional 50 trailer parks.

Strategically located in the South Dallas industrial submarket, the property benefits from access to many of the major population centers in Dallas-Fort Worth. The facility is located 1.2 miles from I-20 and 2.3 miles from I-35E, which serve as major local, regional and national arteries for logistics and transportation across markets.

The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Director Trent Agnew, Directors Tom Weber and Pauli Kerr, Senior Director Parker McCormack, Associate Matthew Barge and Analyst Keenan Ryan.

$28 million refinancing secured for a newly built senior living community in Spring

Posted on by Mia Goulart

JLL Capital Markets arranged a $28 million senior mortgage for The Landing at Augusta Woods, a 148-unit senior housing community in Spring, Texas.

JLL represented Harmony Communities to secure the four-year, fixed to floating rate loan from a Life Insurance Company to refinance an existing construction loan and fund additional expansion of the community.

The community is comprised of a 120-unit apartment-style complex that provides independent living, assisted living and memory care, and 28 to-be-built independent living duplex-style cottage units. The luxurious country club style facility is designed to immerse residents into an engaging community with resort-style amenities and best-in-class care services.

Spring, Texas is located just outside of The Woodlands, which is one of the nation’s premier master planned communities. It offers a unique blend of an urban neighborhood with suburban conveniences, which include prestigious residential communities and amenities. Situated on 28,000 acres, The Woodlands is located just 27 miles from the Houston CBD and 15 minutes to the north of the George Bush Intercontinental Airport.

Over the last two decades, there has been a remarkable transformation in Houston, the nation’s fourth-largest city. Houston has one of the youngest, fastest growing and most diverse populations anywhere in the world. From 2010 to 2018, Houston added 1.1 million residents, an 18.3% increase, the fastest rate of population growth among the 10 most populous U.S. metros.

The JLL Capital Markets Debt Advisory team was led by Senior Director Zane Sweet, Director Alanna Ellis and, Analysts Zach Brantley and Kyle White.

CBRE arranges sale of prime retail development on West 6th Street in Austin

Posted on by Mia Goulart

CBRE has announced the sale of West Side Village, a two-story, 51,392-square-foot retail development located along West 6th Street in the Clarksville neighborhood of Austin, Texas, just minutes from downtown. Riverside, an Austin-based real estate investment firm, acquired the property.

CBRE’s Bradley Bailey and Logan Reichle represented the seller, a joint venture between Stonelake Capital Partners and Schlosser Development. Terms of the deal were not disclosed.

Located at 1214 & 1312 West 6th St., the 51,392-square-foot mixed-use building is currently vacant and was constructed in 1951. Sitting on 1.75 acres, the previous owners had plans to build a 100,000-square-foot bespoke office building with ground-floor retail on the site before ultimately selling.

Located just down the street from West Side Village is Riverside’s latest project, Sixth&Blanco, designed by Herzog de Meuron. The five-story mixed-use development will include fine modern retail and restaurant space, a bespoke hotel with pool, bathhouse and spa, and ten luxury homes. Over the last three decades, Riverside has contributed to Austin’s reputation for technology, innovation, and its active urban lifestyle, through a portfolio of standout properties that have set new standards for performance throughout the region.

SVN | J. Beard Real Estate – Greater Houston facilitates sale of mixed-use office retail center in Magnolia

Posted on by Mia Goulart

SVN | J. Beard Real Estate – Greater Houston has recently facilitated the sale of a mixed-use office retail center in Magnolia, Texas. The three buildings comprise a total of +/- 15,000 square feet and are situated at 30643 FM 2978 in Magnolia, Texas, near the intersection of Woodlands Parkway. The location has great visibility and frontage on the major thoroughfare of FM 2978. The upscale center boasts clean lines, modern finishes, and spacious floorplans in each unit.

Advisor Linda Crumley of SVN | J. Beard Real Estate – Greater Houston represented the seller, Lamerie 2978, LLC. Luís Tamborrel of Keller Williams Realty, Tamborrel Group, represented the buyer, BLXCK Investments Corporation.