JLL Capital Markets announced today it secured the refinancing for Denton Distribution Center, a recently delivered, Class A industrial park in Denton, Texas – one of Dallas-Fort Worth’s fastest-growing industrial submarkets.
JLL represented Billingsley Company to secure the fixed-rate loan, which was used to refinance the construction debt.
Denton Distribution Center features two cross-dock industrial assets that are 451,384 square feet and 448,386 square feet, respectively. The property is currently fully leased to a total of five tenants – all on long-term leases. Additionally, the park features top-of-the-line functionality with 32-foot clear heights and flexibility to attract multiple different user types with suite sizes ranging from 60,000 square feet to more than 250,000 square feet.
Its strategic location on Highway 380, just west of Interstate-35, provides unrivaled accessibility to the Dallas-Fort Worth metroplex, leveraging southbound I-35 W (Fort Worth) and I-35 E (Dallas) for seamless connectivity. Furthermore, going northbound on I-35 provides direct access to multiple major population centers including Oklahoma City, Kansas City and Minneapolis. Setting itself apart from neighboring regions, the location also provides low mill rates and affordable workforce housing, making it attractive to operate businesses in the area.
The development and leasing of Denton Distribution Center was led by George Billingsley of Billingsley Company.
The JLL Debt Advisory team was led by Dallas Office Co-Head and Senior Managing Director Campbell Roche, Director Kristi Leonard and Analysts Jordan Buck and Aaron Craig.
