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JLL Closes Sale of 1M-SF Warehouse in Brookshire
JLL Capital Markets closed the sale of and arranged acquisition financing for a fully leased, 1.01-million-square-foot fulfillment center leased to an investment-grade e-commerce retailer at 31555 Hwy. 90 in the Houston-area community of Brookshire. JLL worked on behalf of the seller, a publicly-traded REIT.
Miami-based Exan Capital purchased the asset and structured the acquisition through one of its international investment vehicles. Additionally, JLL placed the five-year, fixed-rate acquisition loan with New York Life Insurance Company.
The JLL Capital Markets investment advisory team representing the seller was led by managing director Trent Agnew, senior managing director Rusty Tamlyn, director Charles Strauss and analysts Tom Weber and Jack Britton. The acquisition for Exan was led by partner Ignacio Gil-Casares and VP, investments Arturo Vinueza.
The JLL Capital Markets debt placement team representing Exan was led by senior managing director Colby Mueck, senior director Michael Johnson and analyst Molly Leinsdorf.
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
- ◦Sale/Acquisition
