JLL arranges acquisition financing for 250K SF, Class A industrial warehouse facility in Laredo, Texas

NEW YORK CITY, July 24, 2024 – JLL Capital Markets announced today that it arranged acquisition financing for 15241 Fatima Drive, a 250,000-square-foot, Class A industrial warehouse facility in Laredo, Texas.

JLL represented the borrower, Thor Equities, and secured floating-rate acquisition financing with Shelter Growth Capital Partners ("SG Capital”).

The industrial facility recently delivered in Q4 2023 and is 100% leased to EELCO, a U.S. Customs broker. With 30-foot clear heights, 48 docks, 233 trailer stalls and 272 parking spaces, along with 3,000 square feet of office space, the facility is perfectly designed to meet the needs of the market’s typical warehouse user.

Situated on 18 acres, right off of I-35 in Laredo’s North Submarket, the property is less than 10 miles from the World Trade Bridge, the primary border crossing for freight transport between the U.S. and Mexico. Laredo serves as the primary U.S. and Mexico land port and facilitates an impressive $25 billion in trade value per month, accounting for nearly 60% of all trade between the two countries.

The JLL Capital Markets Debt Advisory team representing the borrower was led by Managing Director Peter Rotchford, Senior Directors David Sitt and Jarrod McCabe, Associate Foster Huggins and Analyst Jordan Buck.

"The acquisition financing secured for 15241 Fatima Drive underscores the robust demand for high-quality industrial assets along the Texas and Mexico border. This alignment seamlessly complements THOR's existing logistics portfolio in Mexico." said Rotchford.

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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Thor Equities is a leader in the development, leasing and management of industrial, laboratory, residential, office, hotel and mixed-use assets in premier locations worldwide. The company operates in major cities around the globe and has a property portfolio totaling $20 billion with a development pipeline in excess of 50 million square feet. Thor has a strong presence on three continents and in addition to its US holdings, the company has assets in European gateway cities including London, Paris, Madrid, and Milan, and is the largest developer in Mexico through its Latin American division with a development pipeline of over 20 million square feet. Thor maximizes returns for institutional investors by recognizing a property’s potential, reducing operating expenses, increasing tenant satisfaction, and leveraging market trends to maintain a long-term competitive edge. For more information, visit thorequities.com.

An affiliate of Shelter Growth Capital Partners LLC, SG Capital Partners LLC is a private finance company with permanent capital focused on investing across residential and commercial real estate classes. SG Capital Partners LLC has directly sourced and funded over $4.0 Billion in commercial real estate investments since inception. For more information, visit sgcp.com.