Anna Self Storage is an 840-unit property located in Anna, Texas
News release
06 June 2024
JLL Capital Markets arranges financing for Dallas-area self-storage facility
Your browser doesn't support speech synthesis.
Listen to article •
Read time: 1 sec
DALLAS, June 6, 2024 – JLL Capital Markets announced today that it has arranged financing for Anna Self Storage, an 840-unit self-storage facility in Anna, Texas.
JLL worked on behalf of the borrower, HPI Real Estate, to secure the five-year, floating-rate acquisition loan with Security National Bank.
Anna Self Storage is located at the intersection of Ferguson Parkway and Highway 455 in the heart of Anna, surrounded by retail and residential development. The property is the newest self-storage facility in the trade area.
HPI, based in Austin, Texas, has developed and acquired over 40 self-storage properties.
“We’re always looking to bolster our portfolio with strategically-located assets in our backyard,” says Jonathan Vollinger, Director of Acquisitions at HPI. “We remain especially bullish on the long-term prospects for the DFW metroplex. The Anna acquisition adds to our existing portfolio in the area, and further represents the opportunity to own the premier storage facility along the I-75 corridor.”
Completed in 2023, the two-story facility totals 103,000 square feet. The climate-controlled building is currently in lease-up with 30% of the units occupied at the time of the loan closing.
The JLL Capital Markets Investment Sales and Advisory team representing the borrower was led by Managing Director Casey Wenzel, Director John Bauman and Associate Luke Rogers.
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.
For more news, videos and research resources, please visit JLL’s newsroom.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 108,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About HPI Real Estate
HPI Real Estate is a full-service commercial real estate firm with 30 years of experience developing, managing, and investing in commercial real estate. This 360-degree perspective gives HPI the expertise to maximize investment value while navigating through any real estate challenge. Backed by the best staff in the industry, its mission is to build trusting relationships with its clients through proven results, professional integrity, and exceptional service. To learn more, please visit: hpitx.com.