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A joint venture between Lincoln Property Co. and Goldman Sachs has obtained $83.8 million in financing for the construction and lease-up of Waterstone, an 894,000-square-foot, four-building industrial development in Kyle, Texas. Bank OZK provided the senior portion of the loan, while Affinius Capital originated the subordinate portion.

Waterstone will feature 32-foot to 36-foot clear heights, 232 dock-high doors, 10 drive-in doors and 994 parking stalls for its four buildings. The property, located on I-35, will offer connectivity to both Austin, Texas, and San Antonio. Waterstone will also be about 30 miles from Tesla’s Gigafactory—whose presence has increased industrial demand across the Greater Austin region—and about 25 miles from Austin–Bergstrom International Airport.