JLL arranges financing for 2.4-million-SF Dallas, TX industrial center project being developed by Perot Development Company and Invesco Real Estate

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 

Designed by Halff Associates, DFW Park 161 will consist of a four-building, highly efficient, Class A+ industrial business park. 

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.

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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

About Perot Development Company

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

jll.com.

perotdevelopment.com.