(SAN ANTONIO) - Hines, the international real estate firm, is pleased to announce that Hines Global Income Trust, Inc. (“Hines Global”) has acquired an Amazon-leased e-commerce fulfillment center northea st of San Antonio in Schertz, Texas.
The 1,262,294-square-foot Class A, e-commerce fulfillment center is located in the rapidly growing I-35 corridor between San Antonio and Austin. This location provides direct access to the “Texas Triangle” serving a population of over 25 million people living in or around Austin/San Antonio, Houston and the Dallas/Fort Worth metros.
“This is a critical location with a high growth consumer base,” said Laura Denkler, Managing Director at Hines. “We continue to pursue logistics assets with immediate proximity to population density and solid connectivity to major thoroughfares. This acquisition is another step forward for Hines in the Austin / San Antonio marketplace”.
Omar Thowfeek, Hines Managing Director of Hines Global, said: “As we continue to grow and diversify our logistics portfolio in the U.S., Great Britain and continental Europe, we are excited about this acquisition and completing our fourth strategic logistics acquisition worldwide this year. We will maintain our strategy of seeking out exceptional opportunities as we continue to cultivate our investment depth and breadth in this expanding sector”.
Hines has been investing and developing in the industrial real estate sector since 1957 with a global track record of 314 projects in 12 countries. Globally, the firm has acquired 38 million square feet of space and developed 45 million square feet (with 8 million square feet of projects currently in design or under development) in the sector.
