JLL Capital Markets arranged construction financing for Knox & McKinney, a generational 300,000-square-foot trophy office and high-street retail development in Uptown Dallas, Texas.
JLL worked on behalf of the developers, a joint venture between BDT & MSD Partners, Trammell Crow Company, A.G. Hill Partners and The Retail Connection to secure the four-year construction loan through Goldman Sachs Alternatives.
Anticipated for delivery in 2028, Knox & McKinney will consist of a nine-story, Class AA office building totaling 280,000 square feet and 20,000 square feet of high-street retail and restaurants. Designed by Pickard Chilton and HKS Architects, the trophy boutique tower will feature a dedicated tenant amenity floor with a conference center, tenant lounge, wellness center and private terrace.
The development occupies a 1.26-acre site at the southeast corner of Knox St. and McKinney Ave. in the Knox Street micro market of Uptown Dallas. This highly affluent area is home to numerous shops, restaurants and entertainment and is convenient to Interstate 75, the Katy Trail and the residential neighborhoods of Highland Park, Lakewood and University Park.
The Knox Street corridor is one of the top performing markets in the Dallas MSA and the country, achieving the highest office rents in the Sunbelt outside of Miami. The developers’ sister project, 3333 Knox, achieved full occupancy at record rents two years prior to delivery, clearly demonstrating the pent-up demand for Class AA office space in the market and positioning Knox & McKinney for immediate success.
The JLL Capital Markets Debt Advisory team representing the borrowers was led by Debt Platform leader and Executive Managing Director Trey Morsbach, Senior Managing Director and Dallas Office Co-head Jim Curtin, Vice President Rex Cruz and Analyst Obi Eboh.
