JLL Arranges Bridge Financing for Denholtz's Clovis Crossing Industrial Park in San Marcos, Texas

JLL Capital Markets has arranged bridge financing for Clovis Crossing, a two-building light industrial park totaling 213,125 square feet in San Marcos, Texas, the firm announced July 9, 2026. JLL worked on behalf of the borrower, Denholtz, to secure the loan through an entity managed by Argentic.

The financing is designed to support Denholtz's lease-up strategy at the property, which was delivered in 2024 and sits at 1603 Clovis Barker Rd., positioned along the Interstate 35 corridor at the midpoint between Austin and San Antonio.

Property Details and Configuration

Clovis Crossing consists of two rear-load flex buildings situated on 13.814 acres. The buildings feature 32-foot clear heights, 60 dock doors, four drive-in ramps and 233 automobile parking spaces. Building depths range from 160 to 185 feet, and the property offers configurations ranging from 8,640 square feet up to a full building, positioning it to serve a range of tenant sizes across the industrial spectrum.

Bridge Financing and Lease-Up Strategy

Bridge financing is typically used for transitional capital needs, such as stabilizing a property or completing lease-up before securing permanent debt. JLL described the loan as enabling Denholtz to execute its business plan and fill remaining vacant space at the park.

"Clovis Crossing represents a premier industrial property located in one of the nation's fastest-growing regions, with its adaptable layout and functionality enabling it to meet robust tenant demand across various company sizes," said Michael Klein, who co-led the JLL Capital Markets team on the transaction. "This financing enables Denholtz to finish out its business plan and lease up the remaining space."

Michael Johnson, another member of the JLL team, noted the lender's role in structuring the capital: "Clovis Crossing sits at the intersection of some of the most compelling demand drivers in Central Texas. Argentic understood the asset and the opportunity and was able to curate a capital structure that takes advantage of the current market dynamics."

The JLL Capital Markets team on the transaction was led by Michael Klein, Jon Mikula, Michael Johnson, Nazario Paragano and John Beeler.

Central Texas Market Context

The financing comes against a backdrop of sustained industrial expansion in the Austin market. According to JLL, the Austin industrial market has grown by 53 million square feet since 2015, reaching a total of 97.2 million square feet, driven by advanced manufacturing, semiconductor supply-chain development and e-commerce growth.

The broader megaregion served by the I-35 corridor counts more than 5 million residents and is projected to surpass 6 million by 2030. Hays County, where San Marcos is located, has seen an 88% population increase since 2010, a trend JLL attributes to affordability and an expanding labor pool that draws distribution, manufacturing and logistics tenants.

JLL noted that speculative construction along the I-35 corridor has paused as recent deliveries are absorbed, a dynamic the firm characterized as creating favorable conditions for landlords with in-place product. The property's location provides access to Austin-Bergstrom International Airport in approximately 35 minutes, downtown San Antonio in about 50 minutes, and the Port of Houston in less than three hours.

About the Firms

JLL (NYSE: JLL) is a commercial real estate services and investment management company with annual revenue of $26.1 billion and operations in over 80 countries. The firm's Capital Markets group includes more than 3,000 specialists with offices in nearly 50 countries.

Argentic is an investment manager focused on commercial real estate lending, providing fixed-rate and floating-rate debt financing solutions to property owners throughout the United States.

Sources

JLL Newsroom — JLL Arranges Bridge Financing for Clovis Crossing Industrial Park in San Marcos (July 9, 2026)