Jones Lang LaSalle Incorporated : JLL Capital Markets arranges financing for Dallas area self storage facility

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.