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Hines Global Acquires 1.2M-SF Amazon Center in Schertz
Hines Global Income Trust acquired an Amazon-leased e-commerce fulfillment center northeast of San Antonio in Schertz, for an undisclosed sum. The 1,262,294-square-foot property represents Hines Global’s second acquisition in U.S. logistics.
“This is a critical location with a high growth consumer base,” said Laura Denkler, managing director at Hines. “We continue to pursue logistics assets with immediate proximity to population density and solid connectivity to major thoroughfares. This acquisition is another step forward for Hines in the Austin/San Antonio marketplace.”
Omar Thowfeek, managing director of Hines Global, said: “As we continue to grow and diversify our logistics portfolio in the U.S., Great Britain and continental Europe, we are excited about this acquisition and completing our fourth strategic logistics acquisition worldwide this year. We will maintain our strategy of seeking out exceptional opportunities as we continue to cultivate our investment depth and breadth in this expanding sector.”
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- ◦Sale/Acquisition
