JLL Capital Markets arranged construction financing for Clay Road Business Park, a three-building, 483,128-square-foot industrial development in Sunnyvale, Texas, approximately 14 miles east of downtown Dallas.
JLL worked on behalf of the borrower, CapRock Partners, to secure a floating-rate, 3.5-year loan with two one-year extension options through a regional bank.
The to-be-built project will comprise three Class A industrial buildings measuring 124,140 square feet, 155,802 square feet and 203,186 square feet, each designed to accommodate two-three tenants. The property features clear heights ranging from 32 to 36 feet, 81 dock-high doors, six grade-level doors, 67 trailer spaces and 517 automobile parking spaces.
All three buildings will be positioned just half a mile from US-80 and four miles from Interstate 635, providing efficient connectivity throughout the Dallas-Fort Worth metroplex. The property sits within the East Dallas/Mesquite industrial submarket, and the site is approximately 36 miles from Dallas/Fort Worth International Airport, a major cargo hub, and 20 miles from Dallas Love Field Airport. Its proximity to the Union Pacific Dallas Intermodal Terminal, located approximately 20 miles southwest, enhances the property’s appeal for businesses requiring multimodal transportation options.
Construction is expected to begin in April 2026, with delivery anticipated in March 2027.
The JLL Capital Markets team representing the borrower included Senior Managing Director Greg Brown, Managing Director Greg Napper, Senior Director Peter Thompson, Associate Kyle White and Senior Analyst Nick Englhard.
