Meacham Commerce Middle. Picture by Wade Griffith Images by way of JLL Capital Markets
McCormack Business has secured a $20.5 million refinancing mortgage for a Class A, 334,750-square-foot constructing in Fort Value, Texas, Tarrant County information present. The power is a part of the 1.3 million-square-foot Meacham Commerce Middle industrial park.
JLL Capital Markets labored on behalf of the borrower to safe the mortgage, which was supplied by Protecting Life Insurance coverage Co.
The power beforehand landed an $18.2 million development mortgage, originated by Zions Financial institution, in 2021, CommercialEdge knowledge exhibits. Designed by Powers Brown Architects, the totally leased constructing got here on-line in 2022. The power sits on 19.4 acres and options 36-foot clear heights, 60-foot staging bays, 70 dock-high doorways, cross-dock capabilities, 4 drive-in ramps and ESFR sprinklers, additionally providing 240 parking areas.
Increasing the DFW industrial footprint
Meacham Commerce Middle is about to ship three further buildings which can add 977,161 sq. ft to the economic park and can provide house for tenants starting from 20,000 to 600,000 sq. ft. As of April, Dallas-Fort Value had 56.4 million sq. ft below development and deliveries clocked in at 17.6 million sq. ft within the first 4 months of 2023, a CommercialEdge report exhibits.
Positioned at 4501 N Freeway, in a Overseas Commerce Zone, the property is 6 miles from Fort Value and has entry to interstates 35W and 820. Dallas-Fort Value Worldwide Airport is 20 miles away. Neighboring corporations embody Amazon, FedEx, DHL/Campbell Soup Provide Co. and S&S Activewear, amongst others.
The JLL group included Senior Managing Director Colby Mueck, Analyst John Beeler and Debt and Fairness Analyst John David Johnson. Managing Principal Matt Carthey and Vice President George Jennings at Holt Lunsford will deal with leasing.
