Construction financing arranged for the development of a 377K SF industrial asset located in San Marcos, TX

IRVINE, Calif., June 24, 2025 – JLL Capital Markets announced today that it has arranged construction financing for San Marcos Business Park, Building C, a 377,300-square-foot, state-of-the-art industrial facility in San Marcos, Texas.

JLL worked on behalf of the borrower, Ledo Capital Group, to secure the construction loan through a regional bank.

The Phase One, which is speculative at 377,000 square feet, is scheduled to deliver in March 2026. The Class A industrial building will feature 36-foot clear heights, rear-load capabilities, an ESFR fire sprinkler system, 75 dock doors, two drive-in doors and a secured 185-foot truck court with ample trailer parking. The project is located on the Interstate 35 freeway in Whisper South, a larger master-planned area of San Marcos located just north of the Blanco River at Connection Blvd. and Aiken Rd.

The project is strategically located 39 miles from South Austin and 35 miles from San Antonio, providing tenants access to both MSAs and the ability to leverage the regional labor force. The development is also directly located along Interstate 35 (I-35), a key NAFTA corridor from Mexico to Canada, enabling it to serve as a central nexus for diverse businesses seeking efficient connectivity between major Texas metros and beyond.

The JLL Capital Markets team was led by Senior Managing Director Matt Stewart, Directors Ace Sudah and Jackson Finch, Associate Jacob Michael and Analyst Cameron Sepahi.

"With its strategic location along I-35 and lack of well-located large bulk distribution/manufacturing options over 300,000 square feet, San Marcos Business Park is well-positioned to capture the increasing demand for high-quality industrial space in the Austin-San Antonio corridor," said Anthony Brent of Ledo Capital Group.

Matt Stewart of JLL added, "The strong fundamentals of this project, coupled with the experienced sponsorship of Ledo Capital Group, attracted significant lender interest."

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.

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Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.

Ledo Capital Group (“LCG”) is a diversified investment company that provides strategic investment capital to operators, developers, and real estate professionals in the capitalization of opportunistic and value add oriented projects in Southern California, Texas & other select western markets. LCG focuses on the acquisition of industrial, retail and multi-family assets through the deployment of flexible capital structures within both the LP & GP capital stack. With the capability to deliver any required expertise in the acquisition, development or repositioning of properties as well as any required asset management services, LCG partners can benefit significantly from these enhanced operational synergies. LCG raises capital through its private and institutional investors offering partners the ability to scale operations and focus on the acquisition side of the business, relying on the expertise of LCG to quickly underwrite and fund through its private capital fund. LCG’s capabilities include advisory services, where LCG may leverage its relationships and deep track record with institutional capital as a potential source of a joint venture capital.