A development site has been secured for a project named Waterstone, covering an area of 894,000 square feet. The asset is located in Kyle, Texas, and is strategically positioned to cater to the growing needs along the I-35 corridor, benefiting from its proximity to major cities like Austin and San Antonio.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $83,800,000
• Lender: Bank OZK
• Broker Representative for Lender: Tom Burns - Affinius Capital
• Landlord: Goldman Sachs
• Broker Representative for Landlord: Cole Kennedy - Lincoln Property Company
• Loan Type: Construction

The financing of $83.8 million has been arranged by Lincoln Property Company and Goldman Sachs through Bank OZK and Affinius Capital, which will be utilized for constructing the industrial project with four buildings featuring clear heights between 32 to 36 feet.