Newly constructed industrial park in San Antonio, TX sold

SAN ANTONIO, Nov. 4, 2024 – JLL Capital Markets announced today the sale of Eisenhauer North Business Park, a newly constructed, three-building industrial park totaling 458,439 square feet in San Antonio, Texas.

JLL represented the seller, NIT Industrial, in the transaction. Goldman Sachs acquired the asset.

Completed in Q2 2023, the fully leased property consists of Building 1 at 119,200 square feet, Building 2 at 186,324 square feet and Building 3 at 152,915 square feet. The buildings feature modern, institutional-quality specifications including 32-foot clear heights, ESFR sprinkler systems, LED lighting and a mix of rear-load and front-load configurations. The park offers excellent functionality with 109 total dock-high doors, six drive-in doors, ample trailer parking with 163 spaces and 330 auto parking spaces.

Strategically located less than two miles from Interstate 35, Eisenhauer North Business Park provides an irreplaceable logistics location in northeast San Antonio. This proximity to I-35 allows tenants to efficiently serve the entire San Antonio-New Braunfels MSA while also providing convenient access to the broader I-35 corridor. The property's position along this major NAFTA trade route enables excellent connectivity to key manufacturing centers, ports and airports throughout the region, putting all four major Texas markets within a three-hour drive.

The JLL Investment Sales and Advisory team representing the seller was led by Trent Agnew, Kyle Mueller, Witt Westbrook and Charles Strauss.

"Eisenhauer North Business Park generated significant investor interest due to its new construction, strong tenancy and prime location in one of the fastest growing industrial corridors in Texas," said Agnew. "As companies continue to strengthen their supply chain presence in Texas, particularly given San Antonio's emergence as a key beneficiary of nearshoring trends, we expect sustained demand for high-quality industrial properties like Eisenhauer North Business Park."

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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NIT Industrial is a privately held commercial real estate investment, development, and operating company specializing in the Industrial and Distribution sectors. Based in Houston, Texas, we are responsible for acquiring, developing and managing industrial properties including, warehouses, distribution centers, manufacturing facilities, and similar properties. By specializing in these sectors, NIT has developed a deep understanding of the unique requirements and demands of industrial tenants, allowing us to provide tailored real estate solutions that meet the needs of our clients.

Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $500 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives including private equity, growth equity, private credit, real estate, infrastructure, hedge funds and sustainability. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs. 

The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets. 

The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors and individuals. Goldman Sachs has over $2.9 trillion in assets under supervision globally as of June 30, 2024. 

Established in 1991, Real Estate at Goldman Sachs Alternatives is one of the leading investors in real estate with over $60 billion in capital invested since 2012 across the spectrum of investment strategies from core to opportunistic and credit. The global team invests across all sectors with deep expertise across the capital structure, in assets ranging from single properties to large portfolios, through senior mortgages, mezzanine debt and equity.