Partners Real Estate arranges sale of 12,970-square-foot retail property in San Antonio

Partners Real Estate (Partners), one of the largest independent commercial real estate firms in Texas, arranged the sale of a 12,970-square-foot retail property located at 2714 West Ave. in San Antonio.

Partners’ Landan Dory represented the seller, HW West Ave LP in the transaction. The buyer was represented by Roxana Tofan.

Financing secured for Northwest San Antonio single-family build-to-rent

JLL has arranged the refinancing for Farm Haus, a 142-unit, single-family, gated built-to-rent community located in San Antonio, Texas.

JLL worked on behalf of the borrower, AHV Communities, to secure the four-year, fixed-rate loan through a life insurance company.

Completed in 2022, the gated community features two-, three and four-bedroom homes with private yards, attached garages, smart home technology, stainless steel appliances, quartz countertops and nine-foot ceilings. Community amenities include a lounge and community conference room, a resort-inspired pool with sun deck and bocce/game court, a 24-hour fitness center, a dog park, BBQ picnic areas and more.

Situated at 8150 W. Hausman Road, the community sits in the coveted Northwest San Antonio market. The property is minutes from Loop 1604 and San Antonio’s medical center, and residents are also just three miles from The University of Texas at San Antonio. Additionally, the location provides easy access to SeaWorld, Fiesta Texas, La Cantera Shopping Center and Historic Downtown San Antonio.

The JLL Capital Markets Debt Advisory team was led by Managing Director Matthew Putterman and Analyst John David Johnson.

Forty-bed inpatient rehabilitation hospital trades in San Antonio

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.

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

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.

Connection Park Logistics Center trades in San Antonio

JLL Capital Markets arranged the sale, joint-venture equity, and financing for Connection Park Logistics Center, a newly developed, Class A distribution center totaling 490,083 square feet in San Antonio, Texas.

JLL marketed the property on behalf of the seller, Triten Real Estate Partners, and procured the buyer, CAPSTAR Real Estate. Additionally, JLL arranged an equity partnership between CAPSTAR Real Estate and an undisclosed investor, and secured a floating-rate, interest-only loan from Prime Finance for the acquisition of the property.

Connection Park Logistics Center is situated on 42.23 acres and includes 36-foot clear heights, six ramped doors and 348 trailer and car parking spaces. The cross-dock configured warehouse was completed in early 2023.

Located at 6851 Cal Turner Drive, the distribution center sits within an established industrial park, offering proximity to major national and global distribution centers. Connection Park’s location offers immediate access to three major regional highways allowing for tenants to easily access the entire metropolitan area in addition to Houston (via IH-10) and Austin (via IH-35). Given its exceptional distribution reach, this industrial pocket is one of the most infill logistics locations in San Antonio.

The JLL Capital Markets Debt and Equity Placement team representing CAPSTAR Real Estate was led by Director Jarrod McCabe and Analyst Blake Jones.

The JLL Capital Markets Investment Advisory team representing the seller was led by Senior Managing Director Trent Agnew and Director Josh Villarreal.

Nuveen Green Capital closes largest C-PACE deal in San Antonio

Nuveen Green Capital, a leader in sustainable commercial real estate financing solutions, and the Texas PACE Authority, the administrator of 92 PACE programs in Texas, along with CBRE, the global leader in commercial real estate services and investments, announced the closing of the Curio Collection by Hilton Hotel in San Antonio, Texas. This closing marks Texas’ largest C-PACE (Commercial Property Assessed Clean Energy) transaction to date.

C-PACE is a creative financing mechanism that provides commercial property owners and developers access to low-cost, long-term, fixed-rate financing for energy efficiency, water conservation, renewable energy, and resiliency commercial real estate projects.

Located in downtown San Antonio’s Hemisfair District, the Curio Collection by Hilton Hotel is situated on roughly 1.5 acres near the intersection of South Alamo and Market streets. The ground-up development of this 17-story, luxury, full-service hotel will feature 200 guest rooms, ballroom and meeting spaces, a signature restaurant and bar, café, a rooftop bar, an underground speakeasy bar, terrace pool with cabanas, a full-service spa, a fitness center, ground floor retail space and a public garden. When complete, this hotel is slated to be the most luxurious in the area as the city continues its economic revival. Overland Partners Architects designed the full-service property, which will be owned and operated by Zachry Hospitality as a Curio Collection by Hilton.

The C-PACE proceeds will fund key sustainability measures including envelope, lighting, and plumbing.

The Texas PACE Authority administers Texas’ PACE statute by taking a market-based approach to energy finance and economic development by facilitating energy and water improvements that are both economically sound and environmentally friendly. The Texas PACE Act was passed by the Texas Legislature in 2013 and The Texas PACE Authority has facilitated $450 million in PACE financing throughout Texas.

Construction of the 200-room hotel is expected to begin this fall with a target to open its doors to guests in late 2025.