{"id":27864,"date":"2020-05-15T09:43:49","date_gmt":"2020-05-15T06:43:49","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=27864"},"modified":"2025-03-25T16:09:27","modified_gmt":"2025-03-25T13:09:27","slug":"jll-finacing-dallas-warehouse-logistics-distribution","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/jll-finacing-dallas-warehouse-logistics-distribution\/","title":{"rendered":"JLL Secures Financing for New DFW Business Park"},"content":{"rendered":"<p>JLL Capital Markets has arranged equity and construction financing for DFW Park 161 \u2014 a Class A+ industrial project by Perot Development Company. The park will incorporate 2.4 million square feet of <a href=\"https:\/\/www.commercialcafe.com\/industrial\/us\/tx\/irving\/\" target=\"_blank\" rel=\"noopener noreferrer\">logistics and warehouse space in Irving, Texas<\/a>, at the Dallas-Fort Worth International Airport (DFW).<\/p>\n<p>Working on behalf of Perot, Stephen Bailey, Dustin Voltz and John Rose of JLL arranged a partnership on the project with investment manager Invesco Real Estate, as well as a five-year construction loan.<\/p>\n<p>The project is located on a 196-acre lot with direct access to and major street exposure along President George Bush Turnpike and State Route 161. DFW Park 161 is at the east end of DFW. Its premium location is next to the Dallas Area Rapid Transit (DART) Orange Line and across the freeway from the DART Belt Line Station.<\/p>\n<p>The highly efficient business park will encompass 2.4 million square feet of warehouse and distribution space. In particular, a total of four cross-dock buildings will feature between 32- and 40-foot clear heights, 121 bays, 383 trailer parks and wide-column spacing.<\/p>\n<p>Construction of the campus will occur in phases, and the project plan calls for efficient office, showroom and distribution facilities. Phase one will encompass three spec global e-commerce hubs currently dubbed Logistics Centers 9, 10 and 11. The firm estimates that the more than 1 million square feet of <a href=\"https:\/\/www.commercialcafe.com\/industrial\/us\/tx\/dallas\/\" target=\"_blank\" rel=\"noopener noreferrer\">Dallas warehouse space for lease<\/a> will be available in early 2021. Cushman&amp;Wakefield is spearheading leasing at the property, with Kurt Griffin and Nathan Orbin serving as the designated leasing brokers.<\/p>\n<p>Phase two \u2014 Logistics Center 8 \u2014 will also be an e-commerce hub. Potentially exceeding 1.4 million square feet in size, it will be built to suit. The general contractor for both phases is Peinado Construction, and the architect and civil engineer is Halff Associates.<\/p>\n<p>Perks listed on the <a href=\"https:\/\/www.perotdevelopment.com\/dfw-park-161\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">official property website<\/a> include:<\/p>\n<ul>\n<li>Foreign Trade Zone benefits<\/li>\n<li>Triple Freeport inventory tax exemption available in Dallas County, Carrollton\/Farmers Branch ISD and the City of Irving<\/li>\n<li>Proximity to air cargo areas and major freight forwarders at the airport, as well as a USPS bulk mail center, and FedEx and UPS regional hubs<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>With debt and equity secured by JLL, Perot Development Co. &#038; Invesco Real Estate&#8217;s new 2.4MSF business park near DFW International Airport is on track for early 2021 leasing.<\/p>\n","protected":false},"author":48,"featured_media":27869,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[37,4014,41],"tags":[],"class_list":["post-27864","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-featured","category-industrial","wpautop"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>JLL Arranges Debt, Equity for DFW Park 161 | CommercialCafe<\/title>\n<meta name=\"description\" content=\"JLL Capital Markets announced that financing is secured for the new DFW speculative warehouse\/distribution park developed by Perot &amp; Invesco\" \/>\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.commercialcafe.com\/blog\/jll-finacing-dallas-warehouse-logistics-distribution\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JLL Secures Debt, Equity for DFW Park 161 | CommercialCafe\" \/>\n<meta property=\"og:description\" content=\"Perot &amp; Invesco&#039;s new 2.4MSF business park near DFW International Airport is on track for early 2021 leasing.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialcafe.com\/blog\/jll-finacing-dallas-warehouse-logistics-distribution\/\" \/>\n<meta property=\"og:site_name\" content=\"CommercialCafe\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-15T06:43:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-25T13:09:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialcafe.com\/blog\/wp-content\/uploads\/sites\/10\/Dallas-logistics-distribution-highway-aerial-view.jpg\" \/>\n<meta name=\"author\" content=\"Ioana Ginsac\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"JLL Secures Financing for New DFW Park 161\" \/>\n<meta name=\"twitter:description\" content=\"Perot &amp; 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