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| Kristi Leonard |
DALLAS, TX, Oct. 17, 2024 – JLL Capital hast secured the construction financing for Waterstone, a to-be-built, Class-A industrial development located in San Marcos, Texas. Financial details were not disclosed.
JLL represented a joint venture between Goldman Sachs and Lincoln Property Company to secure a floating-rate loan with Affinius Capital.
 |
| Campbell Swango |
The JLL Debt Advisory team was led by Senior Managing Director Campbell Roche, Managing Director Kyle Spencer, Senior Director Will Mogk, Director Kristi Leonard, Associate Ryan Pollack and Analyst Campbell Swango. Senior Vice President Kyle McCulloch will lead the leasing efforts for the development.
The
project benefits from direct access to I-35 and proximity to the Austin MSA and
San Antonio MSA, highlighting the Development’s accessibility and connectivity
to major population centers among growing Texas markets.
 |
| Campbell Roche |
Waterstone
is planned to break ground in November 2024 with an expected delivery date of
February 2026.
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.
 |
| Kyle Spencer |
About
Lincoln Property Company
Lincoln Property Company (“Lincoln”) is one of the largest private real
estate firms in the United States.
Offering a fully integrated platform of real
estate services and innovative solutions to owners, investors, lenders and
occupiers, Lincoln supports the entire real estate lifecycle across asset
types, including office, life science, retail, industrial, data center,
production studio, healthcare, government, universities, and mixed-used
properties, throughout the United States, United Kingdom, and Europe.
 |
| Will Mogk |
In
addition to providing third-party real estate services, Lincoln has completed
over 150 million square feet of development since its inception in 1965 and has
another $20 billion currently under construction or in the pipeline.
About Goldman Sachs
The Goldman Sachs Group, Inc. is a leading global investment banking,
securities and investment management firm that provides a wide range of
financial services to a substantial and diversified client base that includes
corporations, financial institutions, governments and individuals.
 |
| Kyle McCulloch |
About Affinius Capital
Affinius
Capital® (previously known as USAA Real Estate and Square Mile Capital
Management) is an integrated institutional real estate investment firm focused
on value-creation and income generation.
With a
more than 40-year track record and $32 billion in net assets under management,
Affinius has a diversified portfolio across North America and Europe providing
both equity and credit to its trusted partners and on behalf of its
institutional clients globally.
CONTACT:
Grace Lewis
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