Financing secured for two Class A industrial properties in Dallas MSA

DALLAS, Oct. 24, 2024 – JLL Capital Markets announced today that it secured financing for two Class A industrial properties within the Dallas, Texas MSA: 1201 Big Town Blvd. and 901 Distribution Dr.

JLL worked on behalf of Hillwood to secure the fixed-rate, five-year loans with PPM America.

Situated in Wilmer, Texas, the 334,800-square-foot Class A industrial building at 901 Distribution Dr. is well-positioned across from the Union Pacific Dallas Intermodal Terminal. Built in 2023, the property is currently fully leased to two third-party logistics tenants and boasts features such as 36-foot clear heights, ample parking and 62 dock doors.

The Class A cross-dock industrial facility at 1201 Big Town Blvd. encompasses a total of 508,500 square feet. Originally developed by Hillwood in 2007, the property is currently 88% leased to two tenants and located adjacent to the Union Pacific Mesquite Intermodal Terminal. Noteworthy features include 32-foot clear heights, 79 dock doors, three drive-in doors, ample parking and office space.

The JLL Debt Advisory team was led by Executive Managing Director Trey Morsbach, Senior Director Jarrod McCabe, 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 nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

Hillwood Investment Properties is a leader in acquiring and developing high-quality industrial properties with 277M SF across the U.S., Canada, the United Kingdom, and Europe. Hillwood pursues well-located, functional land in the path of progress and has one of the largest land banks with a capacity of over 131M SF for future development. Hillwood collaboratively builds successful partnerships with public and private landowners, as well as other developers, to execute and invest in a broad spectrum of industrial projects. As a privately held company, Hillwood possesses the depth of capital, market expertise, industry relationships, and a forward-thinking vision to buy and build industrial properties that meet evolving markets' logistics, distribution, and manufacturing demands.

For more information on Hillwood's latest industrial availabilities across the U.S., U.K., and E.U., visit Hillwood.com.

PPM is a U.S.-based institutional asset manager with $69.87 billion in assets under management as of June 30, 2024. Established in Chicago in 1990, PPM exists to consistently support institutional clients in achieving their long-term value goals. PPM offers its Midwestern mentality of hard work, straight talk, full transparency and humility. The company’s success is supported by a team-based culture that encourages debate, collaboration, and consistency. PPM’s success in investment culture is best demonstrated by the strong retention of its clients and investment professionals.For more information on Hillwood's latest industrial availabilities across the U.S., U.K., and E.U., visit Hillwood.com.