Financing secured for Class A industrial park development in North Austin
JLL Capital Markets arranged the construction financing for GTX Logistics Park – Phase I on behalf of Green Point Property Company
DALLAS, December. 16, 2021 – JLL Capital Markets announced today that it has arranged construction funding for the development of GTX Logistics Park – Phase I, a speculative Class A industrial building totaling 409,822 square feet in the booming Williamson County/Austin MSA community of Georgetown, Texas.
JLL worked on behalf of the developer, Green Point Property Company, to arrange the construction loan with CommunityBank of Texas. Dallas-based Silverado Interests is the equity investor for the project.
The GTX Logistics Park Phase I development is the first of several planned industrial buildings at the Park that will total over 3 million square feet across 231 acres, making GTX Logistics Park one of the largest industrial developments in the Austin market.
Phase I will offer 36-foot clear height, ample truck and trailer parking, immediate accessibility to both Interstate 35 and Texas 130, and the benefit of large and diverse labor pools in both Williamson and Travis counties.
“GTX Logistics Park is exactly the project that Green Point Property Company wants to build, a best-in-class industrial asset in a strategic location in a top growth market,” said David Karr, Partner at Green Point Property Company. “We’re excited at the momentum taking place across the Austin MSA, and we expect North Austin to be a direct beneficiary of the incredible growth seen across the State of Texas and the Central Texas Region.”
The JLL Capital Markets Debt Advisory team representing the developer was led by Senior Directors Clint Coe and Chris McColpin and Director Dom Espinosa.
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 JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 95,000 as of September 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Green Point Property Company
Green Point Property Company is a Dallas, Texas-based private real estate investment firm. Green Point Property Company’s focus is to acquire and develop office and industrial properties in high-growth markets throughout Texas and the Southeastern United States. The Green Point Property Company team has over 40 years of combined real estate investment experience and collectively has acquired, developed, and managed real estate assets exceeding $3 billion across the United States.