Byline Bank’s Commercial Real Estate Group has closed on $14 million in financing for the construction of a 257,000-sq-ft industrial building in San Antonio, Texas.
The speculative development will deliver much-needed Class A industrial space to the northeast submarket of San Antonio. The borrower is a joint venture between TradeLane Properties Fund III and Phelan Development Company.
This loan, the 13th transaction Byline has financed for TradeLane and its affiliates, will assist in the ground-up development of a 32-foot clear, rear-load industrial building in an infill location in the northeast submarket of San Antonio. The thoughtfully designed building lays out for either a single tenant or multiple tenants. Dedicated trailer parking on-site, which can be expanded, provides flexibility for users. The location provides easy access to the airport and the City of San Antonio as well as to the rest of the region via I-35 and I-10.
Byline was represented in this transaction by the law firm Holland & Knight, and TradeLane was represented by Franklin Law Group.
