$26.121M in acquisition financing secured for a two-building, Class A industrial park in San Marcos, Texas
JLL Capital Markets secured acquisition financing for Clovis Barker Logistic Park
MORRISTOWN, N.J., May 9, 2024 – JLL Capital Markets announced today that it arranged $26.121 million in acquisition financing for Clovis Barker Logistic Park, a state-of-the-art, two-building, light industrial park totaling 213,817 square feet in San Marcos, Texas.
JLL represented the borrower, Denholtz Properties and secured the loan with Palladius Capital Management. JLL also represented the seller and procured the buyer.
Clovis Barker Logistic Park is a newly constructed Class A, rear-load industrial park. Key features include submarket leading 32-foot clear heights and ample car parking among the two properties. The property’s shallow-bay design is expected to be utilized by small business operators with average unit sizes of 40,000 square feet.
Located at 1603 Clovis Barker Rd., Clovis Crossing is strategically situated just off Interstate 35 in San Marcos, Texas between Austin (33 Miles) and San Antonio (48 miles). The sites boast direct access and excellent visibility along the I-35 corridor. With easy access to the Texas Triangle, the area between Dallas-Fort Worth, Houston, and San Antonio, the property can be reached by over 25 million people in a matter of hours.
The JLL Capital Markets team was led by Senior Managing Directors Michael Klein and Jon Mikula, Managing Director Michael Johnson and analyst John Beeler.
"Denholtz Properties' acquisition of Clovis Barker Logistic Park represented an excellent opportunity to take advantage of a rapidly growing submarket in San Marcos while others are hanging back trying to figure out the market. Amidst current market volatility, it was imperative for us to work with a financing partner who could provide certainty of execution. Palladius Capital Management stepped in as an exceptional partner, delivering the necessary stability and confidence to navigate the current market conditions," stated Johnson.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About Denholtz Properties
Denholtz Properties is a privately held, vertically integrated commercial real estate investment and development company with a diversified portfolio of assets in strategic markets. Based in Red Bank, N.J. with a regional headquarters in Orlando, Fla., Denholtz Properties specializes in the acquisition and development of ground-up multifamily, industrial/flex and office properties. Driven by an entrepreneurial spirit and a commitment to excellence, Denholtz Properties has continuously provided outsized investment returns over its 70-year history. Additional information for Denholtz Properties is available online at denholtz.com.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 108,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.