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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
- ◦Sale/Acquisition

