Jones Lang LaSalle Incorporated : $26.121M in acquisition financing secured for a two-building, Class A industrial park in San Marcos, Texas

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.

For more news, videos and research resources, please visit JLL's newsroom.