Tuesday, April 14, 2020

JLL closes sale and financing of two-building office campus in North Dallas, TX


Toll Hill Office Park, a two-building, Class A office campus totaling 248,045 square feet in Dallas, TX

DALLAS, TX, 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.

Parker McCormack
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.
Jason Piering

 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. 


Will Mogk
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.


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. 

Contact:

 Kristen Murphy
 JLL Senior Manager
 Public Relations 
Phone: +1 617 848 1572
Email:  Kristen.Murphy@am.jll.com

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