JLL Capital Markets arranged $26.121 million in acquisition financing for Clovis Barker Logistic Park, a 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.
