Rosewood Property Co. Acquires 170,000-Square-Foot Four Oaks Distribution Center In Schertz, Texas

Rosewood Property Co. has completed the acquisition of the Four Oaks Distribution Center in Schertz, Texas. The industrial property, spanning 170,000 square feet, was purchased from Phelan Bennett Development. The distribution center is fully leased to OnTrac and MSI and boasts impressive features such as 30-foot clear heights, 32 dock doors, and a 147-foot truck court. Situated in Schertz, a promising market, the property benefits from the ongoing industrial development in the Southern U.S., with 31.3 million square feet of industrial space currently under construction in the region.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: Not specified
• Address: 17670 Four Oaks Lane, Schertz, Texas
• Market: Schertz
• Square Footage: 170,000
• Buyer: Rosewood Property Co. - Rick Perdue
• Seller: Phelan Bennett Development - Jeffrey Phelan
• Lender: Lincoln Financial Group

Rosewood Property Co., led by Rick Perdue, spearheaded the acquisition of the Four Oaks Distribution Center. Phelan Bennett Development, represented by Jeffrey Phelan, served as the seller in the transaction. The involvement of these key individuals and companies highlights their role in the deal, showcasing their expertise and presence in the property market.