Jones Lang LaSalle Incorporated : Financing secured for a 1.2 million square foot, fully pre leased Class A industrial building located in Fort Worth, Texas

DALLAS, May 15, 2024 -  JLL Capital Markets announced today that it arranged a forward-financing for a 1.2-million-square-foot industrial building located in the AllianceTexas submarket of Fort Worth, Texas.

JLL represented the borrower, Hillwood, to refinance their current construction debt with a correspondent life company lender, which was able to close on the refinance shortly after construction completion in April 2024.

The 1.2 million-square-foot property is fully leased to Southwire Company, one of the leading manufacturers of wire and cable based in Carrollton, Georgia. Notably, the lease was nominated in 2024 as a finalist for one of the 'Best Real Estate Deals in DFW' by an Industrial User (Dallas Business Journal) and as a finalist for 'Best Industrial Lease' by D CEO Commercial Real Estate Awards (D CEO). The property features a clear height of 40 feet, 188 dock doors and four drive-in doors.

The JLL Capital Markets team was led by Executive Managing Director Trey Morsbach, Managing Director DJ Meagher, Associate Ryan Pollack and Analyst Chad Lisbeth.

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 sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in 50 countries.

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