Amazon Fulfillment Center Acquired by Hines Global Income Trust

SAN ANTONIO – (Realty News Report) – Hines Global Income Trust, which is sponsored by the Houston-based Hines real estate firm, acquired an Amazon-leased e-commerce fulfillment center northeast of San Antonio in the town of Schertz.

The 1,262,294-SF,  e-commerce fulfillment center is located near Interstate 35 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. The Texas Triangle is projected to gain significant population in the decades ahead, according to former San Antonio Mayor Henry G. Cisneros, who co-authored an upcoming book, “The Texas Triangle: An Emerging Power in the Global Economy.”

The Amazon fulfillment center is located on Schertz Parkway in Guadalupe County.

“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.”

Earlier, the Schertz facility, which was built about eight years ago, was owned by Circle Industrial and USAA Real Estate Co.

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.

Hines Global is a public, non-listed real estate investment trust sponsored by Hines. It commenced operations in 2014 and invests in commercial real estate investments located in the United States and internationally.

Dec. 14, 2020 Realty News Report Copyright 2020

File: Amazon Fulfillment Center Acquired neat San Antonio

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