JLL secures permanent financing for Dallas, TX office buildings

3000 and 3100 Olympus Boulevard, Dallas, TX

DALLAS, TX – JLL announced  it has secured a permanent loan for 3000 and 3100 Olympus Boulevard, two newly constructed, Class A office buildings totaling 467,366 square feet in Dallas, Texas.

Working on behalf of the borrower, Billingsley Company, JLL placed the 15-year, fixed-rate loan with Allianz Real Estate of America.  The permanent financing replaced two construction loans on the stabilized properties.

 

 Trey Morsbach 

3000 and 3100 Olympus Boulevard are situated within the 1,000-acre Cypress Waters master-planned development, which offers five-star amenities such as on-site retail, food trucks, indoor/outdoor fitness centers and conference centers, and a planned five-mile hike and bike trail. 

 The transit-oriented development is just a five-minute commute to DFW International Airport and has direct access to Interstate 635 and Belt Line Road, two of the area’s major thoroughfares.  

Additionally, the properties sit adjacent to The Sound, which includes retail, restaurants and multifamily around the 362-acre North Lake that anchors Cypress Waters.  

Overall, the properties are 99.5% leased with 3000 Olympus serving as the new global headquarters for Brinker International and Nokia operating as the anchor tenant at 3100 Olympus.

Jim Curtin

The JLL Capital Markets team representing the borrower was led by Senior Managing Director Trey Morsbach and Managing Director Jim Curtin.

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 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.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.

Deal secured by Holliday GP Corp. (“HFF”) prior to being acquired by JLL on July 1, 2019. Co-brokerage services provided by Jones Lang LaSalle Americas, Inc.                                                                                                         

Contacts:

 Kristen Murphy

 JLL Director, Public Relations

Phone: +1 617 848 1572

Email: Kristen.Murphy@am.jll.com

Allianz enquiries: Maria Broccoli

Phone: +1 212 235 0456

Mobile: +1 917 612 0775

Email: maria.broccoli@azoa.com

http://www.allianz-realestate.com

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