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Greens Global Makes First Austin Deal

JLL Capital Markets arranged financing for the acquisition of a newly constructed 1,152-unit, CubeSmart-branded self-storage facility at 8023 W. Palmer Ln. in Austin. A team led by CW Sheehan and Alastair Barnes worked on behalf of the borrower, South California-based Greens Global, to place the five-year, fixed-rate loan with Happy State Bank.

“The acquisition of the CubeSmart on Parmer Lane is a great first asset in Austin for Greens Global and is an expansion of their self-storage portfolio from California,” said Sheehan. “The asset is located on a heavily trafficked corridor with great visibility and just a stone’s throw from the new tech campus and across from Robinson Ranch.”

Completed in September 2019, the 110,505-square-foot building houses all climate-controlled units along with retail and office space for operations. Greens Global purchased the asset from CSW Development in an off-market transaction initiated by the borrower.
 
 

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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