Dallas Logistics Hub Gets $20M bridge loan

DALLAS, TX – The Dallas and San Diego offices of HFF (Holliday Fenoglio Fowler, L.P.) have secured a $20 million bridge loan for the recapitalization of 1,031 acres in the Dallas Logistics Hub (DLH) (bottom right map), a 6,000-acre, master-planned development.

Working exclusively on behalf of the Allen Group, HFF associate director John Ahmed and senior managing director Tim Wright (top right photo) placed the 36-month, adjustable-rate loan with American Bank of Texas.

The land assemblage is located within the DLH, adjacent to Union Pacific’s Southern Dallas Intermodal Terminal, a proposed BNSF intermodal facility, four major highway connectors (Interstates 20, 45, 35 and Loop 9) and Lancaster Airport, which is in the planning stage to facilitate air-cargo distribution.

DLH, which spans across the communities of Dallas, Lancaster, Wilmer and Hutchins, is master-planned for 60 million square feet of distribution, manufacturing, office and retail developments.

“I can’t say enough good things about the caliber of the team at American Bank of Texas,” said Ahmed. “Despite a complex transaction and a historic level of disruption in the capital markets, they never waivered in their focus or in their commitment to this deal.”

The Allen Group, one the nation’s fastest growing privately held commercial development firms, specializes in the development of high-end industrial, office, retail and mixed-use properties throughout the U.S.

The Company’s major focus is the development of Logistics Parks and Inland Ports that are located adjacent to some of the most sophisticated rail, intermodal and highway infrastructure in the country.

The Allen Group has developed a wide rage of commercial projects and currently has over 8,000 acres under development across the U.S.

The Allen Group is based in San Diego with regional offices in Visalia, Bakersfield (California), Dallas and Kansas City.

For more information please visit: http://www.allengroup.com/ and http://www.dallashub.com/.

CONTACTS:

John Ahmed, HFF Associate Director, 214 265 0880, jahmed@hfflp.com

Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com