JLL Capital Markets led the sales efforts for Savannah HWY6 Self Storage in Rosharon, Texas
News release
21 November 2022
Dallas-based investor picks up Fort Bend County self-storage facility
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HOUSTON, Nov. 21, 2022 – JLL Capital Markets announced today that it has completed the sale of Savannah HWY6 Self Storage, a 678-unit, recently completed self-storage facility in Rosharon, Texas.
JLL represented the seller, Quintet Capital Group, in the sale of the property to Dallas-based Montfort Capital Partners.
Completed in September 2022, Savannah HWY6 Self Storage consists of six single-story storage buildings and 900 square feet of office space. The Class A facility is 75% climate-controlled and offers drive-up units, cylinder locks, gate access and on-site management.
Savannah HWY6 Self Storage is positioned on a 6.14-acre site at 14215 Hwy 6 in Fort Bend County, which is the fastest growing county in the U.S. The property has excellent visibility to Hwy 6, which offers visibility to more than 30,000 vehicles per day. The immediate area surrounding Savannah HWY6 Self Storage has seen rapid population growth and commercial development over the last 20 years, including 3,000 new homes to be delivered in Sienna Plantation South.
The JLL Capital Markets Investment Sales and Advisory team that represented the seller was led by Managing Directors Steve Mellon and Brian Somoza, and Directors Adam Roossien and Matthew Wheeler.
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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About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of September 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Quintet Capital Group
Quintet Capital Group, LLC “QCG” is a Houston-based firm engaged in developing commercial real estate with primary focus on self-storage and industrial/ office warehouse category in the greater Houston area. Co-founded by Anish Simon, Ajith Antony, Abraham Philip, Joy Thayyil & Shibin Joy, the team brings 20+ years of experience in real estate development with gross investments exceeding USD 50 Million. For further information, please contact quintet.capitalgroup@gmail.com.
About Montfort Capital Partners
Montfort Capital Partners is a Dallas based firm that invests exclusively in self-storage projects across the nation. Co-Founded by V.K. Gupta, Amish Gupta, & Shrenik Shah, the team brings 50+ years of experience within real estate, along with management experience overseeing portfolios in excess of $700M. For further information, please visit montfortcp.com .