Austin, Texas and San Antonio— JLL Capital Markets has secured acquisition financing for two retail centers, both in Texas. CW Sheehan, Kaitlin Kane and Hunt Wood of JLL arranged the five-year, fixed-rate loan on behalf of the borrower, Door Capital Partners.
The first property, 3701 Guadalupe, comprises 6,991 square feet in Austin in the center of off-campus University of Texas student housing. Built in 1976, the center was 100 percent leased at the time of sale to tenants including Domino’s, Walgreens, Smile Haus, Body Brite and Evo Performance.
The second property, The Shops at the Rim, is a 7,090-square-foot shopping center located in San Antonio. Tenants at the center — which was fully occupied at the time of sale — include The Rim Dental Care, Starbucks Coffee, Pigtails & Crewcuts and GNC. Chris Gerard and Jack Copher of JLL marketed the property on behalf of the undisclosed seller.