[ad_1]
Four Oaks Distribution Center features 30-foot clear heights, 32 dock doors and a 147-foot truck court. Image courtesy of Rosewood Property Co.
Rosewood Property Co. has purchased Four Oaks Distribution Center, a 170,000-square-foot industrial property in Schertz, Texas. JLL helped secure $11 million in permanent financing on behalf of the buyer, provided by Lincoln Financial Group.
Rosewood and Phelan Bennett Development broke ground on the Four Oaks Distribution Center in 2021, with Phelan serving as the project developer and Rosewood as the equity partner. Calvin J. Coatsworth Architects designed the facility, along with R.C. Page Construction as the general contractor.
Rosewood purchased Phelan Bennett’s interest in the industrial building. The property is fully leased to two tenants, with OnTrac occupying approximately 104,000 square feet of space and MSI around 65,000 square feet. JLL’s Executive Vice President Roger Hill and Senior Vice President Kyle Mueller served as leasing brokers.
Completed last year, the distribution center features 30-foot clear heights, 32 dock doors and a 147-foot truck court. Four Oaks Distribution Center is located at 17670 Four Oaks Lane, in the Guadalupe County submarket. The 9.5-acre property is near Interstate 35, which provides direct access to downtown San Antonio.
The long-term outlook for industrial development remains promising, especially in the Southern U.S. A total of 31.3 million square feet of industrial space are underway in the region as of April, accounting for 3.2 percent of total stock, according to CommercialEdge data.
[ad_2]
Source link
