The Clovis Crossing industrial project in San Marcos has been sold in a recent transaction. The property, located at 1603 Clovis Barker Road, comprises two buildings totaling 213,000 square feet on a 13-acre site. The buyer, Stephen Cassidy of Denholtz Properties, acquired the industrial asset from Will Paton of Freehill Development.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Asset Size: 213,000 square feet
• Market: San Marcos
• Lender: Palladius Capital Management
• Buyer: Stephen Cassidy - Denholtz Properties
• Seller: Will Paton - Freehill Development
• Mortgage Broker: JLL

Denholtz Properties, a New Jersey-based investor, marked its entry into the Texas market with this acquisition. The deal involved the purchase of a significant industrial property, showcasing the company's expansion strategy. JLL played a crucial role as the mortgage broker in facilitating the transaction between Cassidy's Denholtz Properties and Paton's Freehill Development.