TradeLane Properties Expands Texas Portfolio with 5-Building Acquisition
Oakbrook Terrace, IL – TradeLane Properties, a privately held Industrial real estate investment company, has successfully closed on a 5-building light industrial portfolio totaling 631,000 SF across the Northeast submarket of San Antonio, TX. Acquired within the TradeLane Properties U.S. Industrial Fund II, L.P., a value-add investment fund focused on key Central U.S. logistics markets, the portfolio was constructed in 2005-2006 and was 100% leased at closing to eleven diverse customers.
The transaction, with an average building size of 126,200 square feet and a weighted average remaining lease term of under four years, is consistent with TradeLane Properties’ strategy of investing in select major Central U.S. logistics markets with the opportunity to add value through in-house capabilities inclusive of dedicated accounting, construction, and property management teams.
TradeLane Properties would like to thank Trent Agnew and the JLL Capital Markets team for their assistance in this transaction.
About TradeLane Properties
TradeLane Properties is a privately held Industrial real estate company committed to harnessing its founders’ expertise in acquiring, developing, redeveloping, and operating industrial real estate facilities currently focused on the Central U.S. markets of Chicago, Cincinnati, Columbus, Indianapolis, Louisville, Dallas-Fort Worth, and San Antonio. For more information, visit www.tradelaneproperties.com or call Kari Lavezzi at (630) 320-5501