Hines Global Income Trust, Inc. (Hines Global), a public, non-listed real estate investment trust sponsored by Hines, has acquired an Amazon-leased e-commerce fulfillment center northeast 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.
Hines said the deal represents Hines Global Income Trust’s second investment in the logistics sector in the U.S.
“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.”