Central Southwest Texas Development LLC developing storage facility in Dallas-Fort Worth suburb

JLL’s Capital Markets experts today announced the firm has secured $6.2 million in construction debt for the development of Sachse Self-Storage on behalf of Austin-based Central Southwest Texas Development, LLC (CSW Development).

Located in Sachse, Texas in one of the fastest-growing suburbs of Dallas-Fort Worth, the new three-story Class A facility will feature 906 climate-controlled units, totaling approximately 91,170 net rentable square feet. The site, which is located at 7970 Woodbridge Parkway in Sachse’s premier retail and commerce corridor, lies within a three-mile radius of prime residential and retail sites in Sachse and neighboring Wylie, Texas.

“With proximity to a growing residential market and major thoroughfares, this site is the perfect location for a self-storage facility,” said Todd Wallace, Chief Executive Officer of CSW Development.

JLL’s Griffin Guthneck, CW Sheehan, and Wes Wallace secured the funding on behalf of CSW Development. Fidelity Bank provided the five-year non-recourse loan.

Construction is expected to begin shortly, with completion set for summer of 2020.

The CSW Development team has over 90 years of experience in the real estate industry. Since their inception in 2004, they have successfully completed more than 100 real estate projects with a combined market value of over $700 million. CSW currently has 22 projects under construction with a combined value of over $200 million, including two climatized self-storage facilities in addition to the Sachse project. Learn more at CSWDevelopment.com.

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 a sale, financing, repositioning, advisory or recapitalization execution. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 90,000 as of December 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.