{"id":1004499358,"date":"2020-12-15T05:18:51","date_gmt":"2020-12-15T13:18:51","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004499358"},"modified":"2021-05-10T02:04:36","modified_gmt":"2021-05-10T10:04:36","slug":"hines-pays-129m-for-amazon-fulfillment-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hines-pays-129m-for-amazon-fulfillment-center\/","title":{"rendered":"Hines Pays $129M for Amazon Fulfillment Center"},"content":{"rendered":"
\"\"<\/a>

600 Schertz Parkway. Image courtesy of Hines<\/em><\/p><\/div>\n

Hines has acquired a 1,262,294-square-foot Amazon fulfillment center in Schertz, Texas. The new owner spent $129.2 million for the building, according to the company\u2019s SEC filings. The sale is the company\u2019s fourth global logistics purchase this year. The Class A warehouse last traded in 2016, when Circle Industrial acquired the property, CommercialEdge data shows.<\/p>\n

\n

READ ALSO<\/strong>: Hines, NPS of Korea Form $1.5B Joint Venture<\/a><\/p>\n

\n

The facility is situated at 6000 Schertz Parkway, which is less than 1 mile from Interstate 35 and 20 miles from downtown San Antonio. The location grants access to the Texas Triangle, which serves a population of more than 25 million people living in or around Austin\/San Antonio, Houston and the Dallas\/Fort Worth metro areas. Completed in 2013, the building occupies 96 acres and includes 72 dock high loading doors.   <\/p>\n

At the beginning of December, Hines sold two industrial assets<\/a> in Dallas and Houston for $171 million. The buildings in the 1.8 million-square-foot portfolio were completed in 2019 and were fully leased to a single tenant under long-term lease agreements.<\/p>\n","protected":false},"excerpt":{"rendered":"

The acquisition of the 1.3 million-square-foot property in suburban San Antonio marks the company\u2019s fourth logistics purchase worldwide this year.<\/p>\n","protected":false},"author":748,"featured_media":1004499367,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,21742,1607],"tags":[37482,32797],"class_list":["post-1004499358","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-latest","category-san-antonio","tag-amazon","tag-hines"],"acf":[],"yoast_head":"\nHines Pays $129M for Amazon Fulfillment Center - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hines-pays-129m-for-amazon-fulfillment-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hines Pays $129M for Amazon Fulfillment Center\" \/>\n<meta property=\"og:description\" content=\"The acquisition of the 1.3 million-square-foot property in suburban San Antonio marks the company\u2019s fourth logistics purchase worldwide this year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hines-pays-129m-for-amazon-fulfillment-center\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-15T13:18:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-10T10:04:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/600-Schertz-Pkwy-e1608031270776.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"947\" \/>\n\t<meta property=\"og:image:height\" content=\"710\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lucia Morosanu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-pays-129m-for-amazon-fulfillment-center\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/hines-pays-129m-for-amazon-fulfillment-center\/\",\"name\":\"Hines Pays $129M for Amazon Fulfillment Center - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-pays-129m-for-amazon-fulfillment-center\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-pays-129m-for-amazon-fulfillment-center\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/600-Schertz-Pkwy-e1608031270776.jpg\",\"datePublished\":\"2020-12-15T13:18:51+00:00\",\"dateModified\":\"2021-05-10T10:04:36+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1077c2cf363c47bc75d1ab4c42b53bb5\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-pays-129m-for-amazon-fulfillment-center\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/hines-pays-129m-for-amazon-fulfillment-center\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-pays-129m-for-amazon-fulfillment-center\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/600-Schertz-Pkwy-e1608031270776.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/600-Schertz-Pkwy-e1608031270776.jpg\",\"width\":947,\"height\":710,\"caption\":\"600 Schertz Parkway. Image courtesy of Hines\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-pays-129m-for-amazon-fulfillment-center\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Hines Pays $129M for Amazon Fulfillment Center\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1077c2cf363c47bc75d1ab4c42b53bb5\",\"name\":\"Lucia Morosanu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Lucia-Morosanu.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Lucia-Morosanu.jpg?w=96\",\"caption\":\"Lucia Morosanu\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/luciamorosanu\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Hines Pays $129M for Amazon Fulfillment Center - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/hines-pays-129m-for-amazon-fulfillment-center\/","og_locale":"en_US","og_type":"article","og_title":"Hines Pays $129M for Amazon Fulfillment Center","og_description":"The acquisition of the 1.3 million-square-foot property in suburban San Antonio marks the company\u2019s fourth logistics purchase worldwide this year.","og_url":"https:\/\/www.commercialsearch.com\/news\/hines-pays-129m-for-amazon-fulfillment-center\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2020-12-15T13:18:51+00:00","article_modified_time":"2021-05-10T10:04:36+00:00","og_image":[{"width":947,"height":710,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/600-Schertz-Pkwy-e1608031270776.jpg","type":"image\/jpeg"}],"author":"Lucia Morosanu","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/hines-pays-129m-for-amazon-fulfillment-center\/","url":"https:\/\/www.commercialsearch.com\/news\/hines-pays-129m-for-amazon-fulfillment-center\/","name":"Hines Pays $129M for Amazon Fulfillment Center - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/hines-pays-129m-for-amazon-fulfillment-center\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/hines-pays-129m-for-amazon-fulfillment-center\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/600-Schertz-Pkwy-e1608031270776.jpg","datePublished":"2020-12-15T13:18:51+00:00","dateModified":"2021-05-10T10:04:36+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1077c2cf363c47bc75d1ab4c42b53bb5"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/hines-pays-129m-for-amazon-fulfillment-center\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/hines-pays-129m-for-amazon-fulfillment-center\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/hines-pays-129m-for-amazon-fulfillment-center\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/600-Schertz-Pkwy-e1608031270776.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/600-Schertz-Pkwy-e1608031270776.jpg","width":947,"height":710,"caption":"600 Schertz Parkway. Image courtesy of Hines"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/hines-pays-129m-for-amazon-fulfillment-center\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Hines Pays $129M for Amazon Fulfillment Center"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1077c2cf363c47bc75d1ab4c42b53bb5","name":"Lucia Morosanu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Lucia-Morosanu.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Lucia-Morosanu.jpg?w=96","caption":"Lucia Morosanu"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/luciamorosanu\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/600-Schertz-Pkwy-e1608031270776.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004499358","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/748"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004499358"}],"version-history":[{"count":4,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004499358\/revisions"}],"predecessor-version":[{"id":1004499505,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004499358\/revisions\/1004499505"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004499367"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004499358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004499358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004499358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}