Freehill Development Company trades Industrial Park to Denholtz Properties in the heart of the Austin-San Antonio IH-35 corridor
JLL Capital Markets also led the acquisition financing efforts for the two-building portfolio in San Marcos, Texas
HOUSTON, Apr. 17, 2024 – JLL Capital Markets announced today that arranged the sale of Clovis Barker Logistic Park, a two-building, light industrial park totaling 213,817 square feet in San Marcos, Texas.
JLL represented the seller, Freehill Company, and procured the buyer, Denholtz Properties. JLL also represented the borrower and secured the loan from the lender, Palladius Capital Management.
The industrial park is comprised of two speculative, shallow-bay, rear-load configurated buildings with 32-foot clear heights, ample car parking and a state-of-the-art design. Clovis Barker Logistics Park contains 213,817 square feet of Class A shallow-bay, logistics space designed to serve small businesses throughout Central Texas.
The property is located at 1603 Clovis R Barker Rd. It is strategically positioned along Interstate 35 and located 30-miles or less from both Austin and San Antonio, offering access to nearly five million residents within an approximate 1.5-hour drive of the site.
The JLL Capital Markets Investment Sales and Advisory team was led by Senior Director Charles Strauss, Director Tom Weber and Senior Managing Director Trent Agnew. The JLL Capital Markets Debt Advisory team was led by Managing Director Michael Johnson as well as Senior Managing Directors Jon Mikula and Michael Klein.
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 Freehill Development Company
Freehill Development Company is based in Austin, TX and focuses on shallow bay industrial development throughout Central Texas. Freehill invests capital alongside its institutional and private equity partners to deliver best-in-class speculative and build-to-suit projects. Freehill leverages its principal’s combined 60-plus years of commercial real estate experience and track record with complex projects to deliver creative development solutions for every investment.
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 Palladius Capital Management
Palladius is a diversified real estate investment manager that leverages institutional best practices, technology and operational expertise to drive value creation for institutional and individual investors. Led by a team of commercial real estate, finance, and corporate operations veterans, Palladius pursues value-add and core-plus strategies targeting multifamily, student housing, hospitality and other thematic investment strategies through its affiliates. Palladius also originates debt investments through it's non-traded REIT, Palladius Income Fund. Based in Austin, TX, Palladius manages and operates approximately $800 million of real estate across the U.S. and is focused on building a highly progressive platform that promotes diversity and inclusion. To learn more, visit www.palladius.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 106,000 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.