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| Welcome Wilson, Jr. |
HOUSTON, TX, Aug. 8, 2019 – JLL announced today that it has arranged a $200.6 million credit facility for a portfolio comprising 18 single-tenant industrial properties totaling 1.7 million square feet in Houston, Dallas, Austin and San Antonio, Texas.
JLL worked on behalf of the borrower, Welcome Group, LLC, represented by Welcome Wilson, Jr., President and CEO, and Ralph Fite, Director of Finance, to place the $200.6 million, seven-year credit facility with Global Atlantic Financial Group.
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| Ralph Fite |
The Class A industrial portfolio is fully leased. Thirteen of the assets are in Houston industrial markets, with two each in Austin and Dallas markets and one property in San Antonio.
Borrower’s legal counsel consisted of Bill Boyar, Alex Parker and Cyrus Chin of BoyarMiller.
The lender’s legal representatives were David Curfman and Tai Palacio of Brownstein Hyatt Farber Schreck.
The JLL Capital Markets team representing the borrower was led by Managing Director Tyler Ford and Analyst Tolu Akindele.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.
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| Bill Boyar |
The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization.
The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
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| Tai Palacio |
For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.
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| Tolu Akindele |
About Welcome Group, LLC
Welcome Group specializes in single-tenant office, lab, industrial and manufacturing facilities and offers build to suit and design build services. To learn more, visit http://www.welcomegroup.com.
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| Alex Parker |
About Global Atlantic:
Global Atlantic Financial Group, through its subsidiaries, offers a broad range of retirement, life and reinsurance products designed to help our customers address financial challenges with confidence.
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| Cyrus Chin |
A variety of options help Americans customize a strategy to fulfill their protection, accumulation, income, wealth transfer and end-of-life needs.
Global Atlantic was founded at Goldman Sachs in 2004 and separated as an independent company in 2013.
Its success is driven by a unique heritage that combines deep product and distribution knowledge with leading investment and risk management, alongside a strong financial foundation of $80 billion in assets.
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| David Curfman |
About JLL:
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management.
Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions.
In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of nearly 92,000 as of June 30, 2019.
JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
Contacts:
Tyler Ford, JLL Managing Director
Phone: +1 713 852 3420
Kimberly Steele, JLL Digital Content/PR Specialist
Phone: +1 713 852 3420
