South Fort Worth Logistics Center development capitalized in Texas

South Fort Worth Logistics Center, a state-of-the-art, speculative industrial development totaling 956,020 SF in the southern part of Fort Worth, TX

DALLAS, TX – JLL Capital Markets announced it has arranged equity and construction financing for South Fort Worth Logistics Center, a state-of-the-art, speculative industrial development totaling 956,020 square feet in the southern part of Fort Worth, Texas.

 Dustin Volz

JLL worked on behalf of Bandera Ventures to arrange the partnership with Invesco Real Estate, a global real estate investment manager.

Additionally, working on behalf of the partnership, JLL arranged a three-year construction loan with Veritex Bank. The project is set for completion in 2021.

Situated on 47.6 acres at the northwest corner of Oak Grove Road and Everman Parkway, the South Fort Worth Logistics Center site is in the South Fort Worth Industrial submarket, one of the most desirable industrial submarkets in the Dallas-Fort Worth region and accounting for a critical mass of Fort Worth industrial product.

 Stephen Bailey

The site has easy north-south access via Interstate 35 and east-west access via Interstate 20, as the South Fort Worth industrial submarket offers the capability to connect to key transportation nodes both regionally and nationally. 

Designed by Halff Associates, South Fort Worth Logistics Center will consist of two cross-dock buildings that feature 36- to 40-foot clear heights, deep truck courts, ample parking and trailer storage, 231 loading doors and an ESFR sprinkler system. 

The distribution and warehouse buildings can be configured for a single tenant or multiple tenants. 

 The JLL Capital Markets team representing the developer was led by Managing Director Dustin Volz, Director Stephen Bailey, Director Taylor Coy and Analyst Zach Riebe.

Taylor Coy 

The COVID-19 pandemic and the shelter-in-place policies that ensued have accelerated e-commerce growth and the need for warehouse space across the nation. 

JLL expects e-commerce sales could hit $1.5 trillion by 2025, which would increase the demand for industrial real estate to an additional 1 billion square feet.

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.

Zach Riebe

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About Bandera Ventures

Bandera Ventures was founded in 2003 by Charles Anderson, Pryor Blackwell and Thomas Leiser. The company was created to responsibly develop, acquire, own and operate commercial real estate.

The three founding principals are all former partners and senior executives at Trammell Crow Company with over 140 years of combined commercial real estate experience.

Along with CFO Carol Kreditor, Tom, Chuck and Pryor have worked together for over 34 years and have been blessed with a remarkable, three-decade partnership. In addition, they enjoy unparalleled relationships with local and national real estate executives, capital partners, business leaders and government officials.

                            

 CONTACT:

Kimberly Steele

 JLL Senior Associate

 Public Relations

Phone: +1 713 852 3420

Email:  Kimberly.Steele@am.jll.com

invesco.com.

jll.com.