Financing arranged for a brand-new Class A industrial park in Denton, Texas
News release
12 September 2024
JLL secures refinancing for Denton Distribution Center in Dallas-Fort Worth metroplex
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DALLAS, Sept. 12, 2024 – 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.
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.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 110,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Billingsley Company
Founded in 1978 by Lucy and Henry Billingsley, Billingsley Company expertly builds, owns and manages its properties, ensuring long-term client, company and partner returns. Specializing in master-planned developments as well as industrial development, each Billingsley property incorporates technology, convenience, and a vast array of amenities to build sustainable communities that attract and retain tenants, residents, visitors and employees.