JLL closes sale, financing of office campus in North Dallas
Toll Hill Office Park is recently renovated and totals 248,045 square feet
DALLAS, April 14, 2020 – JLL Capital Markets announced today that it has closed the sale and financing of Toll Hill Office Park, a two-building, Class A office campus totaling 248,045 square feet in Dallas, Texas.
JLL represented the seller, Cawley Partners, as well as procured the five-year, floating-rate structured acquisition loan that included future funding for Capex and TI/LC from NXT Capital on behalf of the buyer, Balfour Pacific Capital.
Toll Hill Office Park is located at 5310 and 5440 Harvest Hill Road on the southeast corner of Harvest Hill and the Dallas North Tollway just one block south of LBJ Freeway. The property will be an extension of DallasMidtown, a planned urban development that will include hike and bike trails connecting to White Rock Lake, parks and open space, luxury hotels, office towers, luxury condo units for sale, a 10-screen AMC movie theater, boutique shopping, restaurants and entertainment venues. Toll Hill Office Park was recently renovated and offers tenants an on-site deli, common area conference room, atrium seating areas with Wi-Fi and covered parking.
The JLL Capital Markets Investment Advisory team representing the seller was led by Senior Director Parker McCormack.
JLL’s Capital Markets Finance team representing the borrower was led by Managing Director Jason Piering and Director Will Mogk.
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 best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of more than 93,000 as of December 31, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Cawley Partners
Cawley Partners is a full-service Dallas based commercial real estate company focused on building partnerships through developing, investing, managing and leasing office buildings. Since 1996, the company has experience with more than 12 million square feet of development and acquisition projects. The developments include office, retail, and industrial and have ranged from speculative to build-to-suit corporate headquarters. For more information please visit cawleypartners.com.