Industrial acquisition demonstrates continued demand for DFW product

DALLAS, March 16, 2021 – JLL Capital Markets announced today that it has arranged financing for CanTex Capital and Imperium Capital to acquire 4001 Irving Blvd., a 19.2-acre parcel housing approximately 135,000-square-feet of industrial buildings in one of the most robust industrial submarkets in the Dallas-Fort Worth metroplex.

JLL worked on behalf of the borrower, a partnership between CanTex Capital and Imperium Capital, to place the acquisition loan.

Situated on 19.20 acres adjacent to the Dallas Design District, the low coverage industrial facility is in one of the most infill locations in the entire Dallas-Fort Worth Industrial market. 4001 Irving Blvd. is within the West Brookhollow Industrial submarket, which has unmatched accessibility to some of the largest economic drivers in the metroplex, including DFW International Airport, Dallas-Love Field Airport and Downtown Dallas. Additionally, the property is one of the only properties on Irving Boulevard with direct access to the Dallas, Garland and Northeastern Railroad via an on-site track parcel and raised loading platform.

“We are seeing high demand for large infill land sites across the Dallas-Fort Worth market,” said Romit Cheema, CEO of CanTex. “It is rare to find an industrial property of this size and proximity to Downtown Dallas. A site like this also offers long-term redevelopment potential.”

“4001 Irving is the first of many industrial acquisitions in Dallas for Imperium Capital,” added Sam Schneider, Managing Partner of Imperium. “We are very bullish on the entire DFW market and look forward to being very active there.”

In JLL Research’s Dallas-Fort Worth Industrial Insight - Q4 2020 report, the Dallas-Fort Worth (DFW) industrial market continued its run of record-setting growth through the end of 2020. Momentum in the current cycle has been sustained through the ongoing COVID-19 pandemic as the need for industrial space has increased. This demand is expected to continue in 2021. JLL forecasts that more than one billion square feet of additional warehouse product will be needed across the country to accommodate e-commerce demand.

The JLL Capital Markets debt placement team representing the borrower was led by Director Jarrod McCabe and Senior Managing Director Campbell Roche.

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 advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

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