The Class A distribution facility in the San Antonio MSA is 100% leased
SAN ANTONIO, TX, January 08, 2025 /24-7PressRelease/ -- Baltisse-Ackerman Commercial Development has sold Doerr Lane Logistics Center, a 307,000-square-foot, Class A distribution center in Schertz, Texas in the northeast San Antonio MSA. The buyer of the property, which is 100% leased, is a private investor from California.
Trent Agnew, Kyle Mueller and Witt Westbrook of JLL represented seller Baltisse-Ackerman in the transaction. Located at 9870 Doerr Lane, the logistics center provides convenient access to I-35, Loop 1604 and I-10.
"When we first saw this site, it stood out as a great opportunity for a new development to meet the rising demand for Class A distribution space in this important logistics corridor," said Jeff Bryant, Principal and Senior Vice President for Ackerman & Co. in Texas. "We appreciate the support the City of Schertz provided us throughout this project."
The tenants in the fully leased property are MEI Rigging & Crating (191,297 SF) and Quality Custom Distribution (115,703 SF). John Colglazier Jr. and Kyle Kennan of Partners completed the leases on behalf of ownership.
Under Bryant's leadership in Texas, Ackerman & Co. continues to pursue Class A industrial development and acquisitions, with a focus on the major Texas MSAs in the fast-growing Texas Triangle. Ackerman & Co.'s completed and ongoing projects in Texas total more than 3 million square feet of Class A development.
Two new projects in Texas continue the Baltisse-Ackerman partnership's investment in Class A distribution projects: Corporate Drive Industrial Park, a recently completed logistics park featuring two buildings of 274,000 square feet and 237,000 square feet in Selma, and TriPoint Logistics Center, a project that will include buildings of 1 million square feet and 500,000 square feet in Seguin.
Ackerman & Co. is also developing 20 East Logistics Park, a project that will include two Class A buildings of 172,000 square feet and 162,000 square feet in Terrell, east of Downtown Dallas. Also in Dallas, Ackerman acquired a six-building infill portfolio of six buildings totaling 276,920 square feet.
"With the strong population and economic growth in Texas, we view the Texas Triangle as a major opportunity to pursue additional site acquisitions for developments that will provide needed distribution and manufacturing space," said Bryant.
About Baltisse-Ackerman Commercial Development
Ackerman & Co. is one of the leading private, full-service commercial real estate firms in the Southern U.S. and Baltisse is a top-tier investment company headquartered in Belgium with investments spanning multiple commercial real estate product types in five countries. The completed and active commercial real estate projects of the Baltisse-Ackerman Commercial Development investment partnership total $500 million. Baltisse Ackerman Commercial Development is actively pursuing industrial acquisitions and development opportunities across the U.S., with a focus on the Southeast U.S. and Texas.
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 111,000 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 WAY. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.us.jll.com
About Partners
Partners is one of the largest privately-held and independently-owned commercial real estate firms in the U.S. with three key operating segments: 1) Full-service Occupier & Investor business; 2) Partners Capital, an investment management platform specializing in the acquisition and disposition of office, industrial, and retail properties via multiple investment funds; and includes Partners Finance, a registered broker dealer and FINRA / SIPC member engaged in offering real estate investment funds and individual investment opportunities to qualified individual investors, family offices and institutions; 3) Partners Development, which creates first-class development projects for our clients & investors. www.partnersrealestate.com
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