 |
| 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 |
The
development will span 894,000 square feet and will feature 32- to 36-foot clear
heights, 185- to 200-foot truck court depths, 192 total dock doors and a mix of
rear-load and cross-dock configurations.
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 |
For more
news, videos and research resources, please visit JLL’s newsroom.
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 |
Lincoln’s combined management and leasing
portfolio on behalf of institutional clients includes more than 510 million
square feet of commercial space.
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 |
Founded in
1869, the firm is headquartered in New York and maintains offices in all major
financial centers around the world.
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
PR, Capital Markets
2401 Cedar Springs Rd.
Dallas, Texas 75201
M +1 903 520 3478
JLL.com
www.lpc.com.
www.affiniuscapital.com.
