JLL Capital Markets arranged the financing on behalf of CanTex Capital
News release
22 August 2024
Financing secured for Sylvania Industrial Park in Fort Worth, Texas
DALLAS, Aug. 22, 2024 – JLL Capital Markets announced today that it secured financing for the refinance of Sylvania Industrial Park, a multi-tenant industrial manufacturing facility located in Fort Worth, Texas.
JLL worked on behalf of CanTex Capital to secure the three-year, floating-rate financing through MetLife Investment Management.
Totaling 893,738 square feet on 54.9 acres, the property provides tenants with attractive functionality including varying clear heights up to 50 feet, overhead bridge cranes, heavy power and rail access. The industrial park is currently leased to 15 tenants including a variety of national brands such as Tyson Foods, TK Airport Solutions (a subsidiary of TKE), JR New Energy and Andes Coil Processors.
Sylvania Industrial Park benefits from its proximity to downtown Fort Worth, with easy access to the major transportation arteries of I-35W and Loop 820. It is also situated in the highly sought-after industrial submarket of Meacham Field/Fossil Creek within the Dallas-Fort Worth metroplex.
The JLL Debt Advisory team was led by Senior Managing Director Jim Curtin, Senior Director Jarrod McCabe, Associate Luke Rogers and Analyst Jordan Buck.
According to JLL’s Dallas-Fort Worth Q2 2024 Industrial market report, industrial leasing activity saw a 25.1% increase from last quarter, totaling over 12 million square feet and was higher than each of the prior four quarters.
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.
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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 CanTex Capital
CanTex Capital (CanTex) is a Dallas-Fort Worth (DFW) based commercial real estate investment firm specializing in the repositioning of Class B infill industrial properties throughout Texas. The team is vertically integrated with acquisitions, construction management, property management and asset management in-house, and an experience base spanning a breadth of geographical markets, asset classes, and market cycles. Over the past five years, CanTex has transacted on over 8.3 million square feet of Class B infill industrial product.