JLL Capital Markets arranged the acquisition financing for 1500 High Meadows Way, a 7.54-acre industrial outdoor storage facility in Cedar Hill, Texas.
JLL worked on behalf of the borrower, Apricus Realty Capital, to secure the five-year, fixed-rate loan.
The site, built in 2015, features a 15,023-square-foot industrial service building, which includes a 3,000-square-foot office space and an expansive graveled storage lot. The facility is fully leased on a new seven-year, sale-leaseback agreement with one of the nation’s largest providers of mission-critical traffic management services and equipment.
Located just 16 miles southwest of Dallas, the property sits on 7.54 acres in the rapidly growing Cedar Hill industrial submarket. The area benefits from its proximity to major transportation routes, including Highway 67, facilitating convenient access to the greater Dallas-Fort Worth market.
The JLL Debt Advisory team was led by Senior Director CW Sheehan, Director Kristi Leonard and Analysts Peyton Ackerman and Nate Henderson.
