 |
| Stephen Bailey |
DALLAS, TX – JLL Capital Markets announced it has arranged
equity and construction financing for DFW Park 161, a Class A+
industrial park that will eventually total more than 2.4 million square feet at
the Dallas-Fort Worth International Airport in Irving, Texas.
JLL
worked on behalf of Perot Development Company to arrange the partnership with
Invesco Real Estate, a global real estate investment manager. Additionally,
working on behalf of the partnership, JLL arranged a five-year construction
loan.
Situated
on 196 acres at 5150 State Hwy 161, the DFW Park 161 site is at the east end of
Dallas Fort Worth (DFW) International Airport fronting the President George
Bush Turnpike and within the E DFW Airport / Las Colinas submarket.
The site also adjoins the Dallas Area Rapid Transit (DART)
Orange Line and is directly across the freeway from the DART Belt Line Station.
 |
| Dustin Voltz |
The project will be developed in phases and feature cross-dock buildings that have between 32- and 40-foot clear heights, 121 bays, 383 trailer parks and wide column spacing.
The
JLL Capital Markets team representing the developer was led by Director Stephen
Bailey, Managing Director Dustin Voltz and Senior Managing Director John
Rose.
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 Fenoglio
Fowler LP (“HFF”) prior to being acquired by JLL on July 1, 2019. Co-brokerage
services provided by Jones Lang LaSalle Americas, Inc.
 |
| John Rose |
Perot
Development Company is a full-service real estate company that is responsible
for the construction/development, leasing and management of their
facilities.
Perot Development
specializes in the development of air cargo and warehouse/distribution facilities
at major airports in the U.S. Major developments.
The facilities include Logistics Centers I-V and 6-11,
Aviall headquarters, Dallas Airmotive Aircraft Engine Repair & Test
Facility, Schenker Logistics/BAX Global logistics facility and Life Science
Logistics distribution center, all at DFW International Airport, and the UPS
regional gateway hub at Houston Intercontinental Airport.
Contact:
Kimberly Steele
JLL Senior Associate
Public Relations
Phone: +1 713 852 3420
Email: Kimberly.Steele@am.jll.com
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