HFF announces financing for industrial development in San Antonio
HOUSTON, TX – May 8, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the construction financing and joint venture for Foster Ridge Distribution Center, a 327,000-square-foot, cross-dock, speculative industrial development in San Antonio, Texas.
The HFF team worked on behalf of the developer, San Antonio-based Koontz Corporation, to place the construction financing through Voya Investment Management. Additionally, the HFF team arranged a joint venture equity partnership with Dallas-based Catlyn Capital Corp.
Foster Ridge Distribution Center will be situated on 21 acres on Foster Road in San Antonio’s Northeast I-10/I-35 corridor, which contains 35.7 million square feet of distribution space that is 93.9 percent occupied. The property will have easy entry to Interstates 10, 35 and 410, which provide access to San Antonio in addition to Houston, Austin, El Paso, Corpus Christi and Mexico. Foster Ridge Distribution Center was designed by Powers Brown Architecture and will feature 32-foot clear heights, 75 dock-high doors, four ramps and three access points. The project is expected to be completed in the first quarter of 2019.
The HFF team representing the borrower included senior managing director Colby Mueck and managing directors John Taylor and Trent Agnew.
About Koontz Corporation
Headquartered in San Antonio, Texas, Koontz Corporation is an industry leader in the development and construction of residential and commercial properties throughout the state of Texas. Its extensive portfolio of successful projects includes numerous multi-family, office, medical office, industrial, and retail properties. The company takes great pride in building projects of enduring quality and exceptional value for its clients, investors, buyers, and tenants. For more information, visit koontzcorp.com.
About Catlyn Capital Corp.
Catlyn Capital Corp. was formed in 1991 as a vehicle for opportunistic investments in Texas real estate. Catlyn's investment strategy has been to identify and capitalize on development opportunities providing attractive yields and/or substantial value enhancement opportunities.
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.