JLL Capital Markets secures $26 million acquisition financing for Class A Clovis Barker Logistic Park in San Marcos, TX

Clovis Barker Logistic Park, a state-of-the-art,
two-building, light industrial park
totaling 213,817 square feet
 in San Marcos, TX

 

 MORRISTOWN, NJ –  JLL Capital Markets has 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.

Michael Klein

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.

 Jon Mikula

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," stated Johnson.

Michael Johnson

"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."

 

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.

 

CONTACT:

Alli Stent

PR, Hotels & Hospitality

 Capital Markets

Chicago | JLL
M +1 330 329 6750

Ascension Advisory Facilitates Creative $7.6 million Sale Leaseback Transaction for Micropore, Inc.

 

New York, NY –– Ascension Advisory is proud to announce the successful completion of a multifaceted sale leaseback transaction for Micropore, Inc., alongside their investment partner, Spring Mountain Capital.

 The innovative financial arrangement met and exceeded client expectations, closing four weeks ahead of schedule and realizing significant financial gains for Micropore.

 The transaction closed at a sale price of $7.6 million, providing Micropore with a net gain of $3.2 million and crucial liquidity to reinvest in strategic initiatives aimed at company growth.

Micropore, Inc., established in 1997 and located in Maryland, is a leader in developing technology for packaging fine powder chemistries into solid absorbent cartridges. These cartridges are critical components in carbon dioxide absorption systems used in rebreathing and life support systems.

 In 2018, Micropore entered into a leasing agreement for their industrial and warehouse facility, which included a strategic purchase option set to expire on May 30.

The Ascension team, renowned for their expertise in structuring complex deals, acted swiftly to solicit and secure investor interest. Within one week, a letter of intent was signed with a reputable private industrial real estate investment firm. 

Ascension meticulously coordinated the due diligence, the execution of the purchase option, and the finalizing of the sale leaseback transaction, ensuring all elements converged seamlessly for a successful closure.

For further details or to explore how Ascension Advisory can enhance your business operations, please visit our website at https://ascensionadvisory.com/our-services. 

CONTACT:

 Evan Sneider

Red Rooster PR

evansneider@gmail.com