Financing secured for a 1.2-million-square-foot, fully pre-leased Class A industrial building located in Fort Worth, Texas
JLL Capital Markets arranged the refinance for the 1.2-million-square-foot property on behalf of Hillwood located in the AllianceTexas submarket of Fort Worth, Texas
DALLAS, May 15, 2024 – JLL Capital Markets announced today that it arranged a forward-financing for a 1.2-million-square-foot industrial building located in the AllianceTexas submarket of Fort Worth, Texas.
JLL represented the borrower, Hillwood, to refinance their current construction debt with a correspondent life company lender, which was able to close on the refinance shortly after construction completion in April 2024.
The 1.2 million-square-foot property is fully leased to Southwire Company, one of the leading manufacturers of wire and cable based in Carrollton, Georgia. Notably, the lease was nominated in 2024 as a finalist for one of the ‘Best Real Estate Deals in DFW’ by an Industrial User (Dallas Business Journal) and as a finalist for ‘Best Industrial Lease’ by D CEO Commercial Real Estate Awards (D CEO). The property features a clear height of 40 feet, 188 dock doors and four drive-in doors.
The JLL Capital Markets team was led by Executive Managing Director Trey Morsbach, Managing Director DJ Meagher, Associate Ryan Pollack and Analyst Chad Lisbeth.
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 investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in 50 countries.
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About Hillwood
Hillwood, a Perot company, is a top industrial, commercial, and residential real estate developer and manager with projects throughout North America and Europe. With a diverse portfolio of projects that have become home to many of the world’s leading companies, Hillwood is committed to bringing long-term value to our customers, partners and the communities it serves. Most notably, the 27,000-acre master-planned, mixed-use AllianceTexas development in North Fort Worth has generated $120 billion in regional economic impact since 1989. Hillwood also served as the lead developer of marquee projects nationwide, from the Air Force Memorial in Washington, D.C. to the Perot Museum of Nature and Science and the American Airlines Center in Dallas. For additional information, please visit hillwood.com.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 108,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.