CBRE Capital Markets Arranges $17.7M in Financing for Metro Dallas Industrial Portfolio

GRAPEVINE, TEXAS — CBRE Capital Markets’ debt and structured finance team has arranged financing for the DFW Corporate Drive portfolio in Grapevine. CBRE worked on behalf of JLL Income Property Trust to obtain a $17.7 million non-recourse loan. The 10-year, interest-only loan has a fixed interest rate of 3.23 percent and was secured through one of CBRE’s correspondent life companies. The DFW Corporate Drive Portfolio consists of two industrial warehouses totaling 643,429 square feet. The buildings are 100 percent leased to tenants including Kay Chemical, Fleetpride and Harland Clarke. The portfolio is located in the DFW Airport submarket. Greg Greene, Scott Lewis and Matt Ballard with CBRE’s Dallas office originated and secured the financing on behalf of the borrower.