JLL Capital Markets closed the sale of the fully leased Interstate Business Park in San Marcos, TX
News release
27 October 2022
Multi-tenant warehouse in Austin MSA trades to new owner
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DALLAS, October 27, 2022 – JLL Capital Markets announced today that it has closed the sale of Interstate Business Park, a Class B warehouse totaling 124,032 square feet in San Marcos, Texas.
JLL represented the seller, Live Oak, in the sale to Belvoir Real Estate Group.
The front-load building is leased to three regional tenants, including Builders Alliance, LLC, Premier Triangle, LLC and CoTechno Group, Inc. Interstate Business Park features clear heights of up to 16’, 11 dock doors, 147’ truck court and 65 parking spaces.
The property is located on 10.83 acres at 1942 S Interstate 35 within the Austin-San Antonio IH-35 Corridor, a roughly 80-mile stretch of I-35 which is home to nearly five million residents. Furthermore, Interstate Business Park has easy access to the Texas Triangle, the area between Dallas-Fort Worth, Houston and San Antonio/Austin. This allows tenants to reach 25 million residents within a five-hour drive.
The JLL Capital Markets Industrial team representing the seller was led by Director Dom Espinosa, Associate Josh Villarreal and Managing Director John Taylor.
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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About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of June 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Live Oak
Live Oak is a full-service real estate firm committed to developing, acquiring, leasing and managing high-quality commercial properties in Central Texas. They listen to their customers and the market when making their investment decisions. They pride themselves in taking extraordinary care of their assets and the people that leases them. Their time-tested approach puts a premium on direct relationships and partnerships in all of their decision making. Their team and their principals have been leaders in Central Texas commercial real estate for almost 40 years. Today's team benefits from the strength and experience of the companies that combined to make them a full-service investment, development, brokerage and services company.
About Belvoir Real Estate Group
Belvoir Real Estate Group, founded in 2012, is a full-service vertically integrated commercial real estate firm specializing in brokerage, investment, development, and management services. Belvoir has an experienced team of over 250 years of combined commercial real estate experience. As a relationship-driven firm, Belvoir prides itself on working with its partners across the spectrum of commercial real estate needs, aiming to add value through a hands-on approach to the investment process and ultimately maximizing returns for its stakeholders.