Totaling 301,120 sq. toes, Rockwall Distribution Heart got here on-line this 12 months. Picture courtesy of JLL Capital Markets
Westcore Properties has obtained $25 million in financing for Rockwall Distribution Heart, a 301,120-square-foot industrial constructing in Rockwall, Texas. JLL Capital Markets brokered the transaction, representing the borrower and securing the mortgage from a personal funding supervisor.
Westcore acquired Rockwall Distribution Heart from Stream Realty Companions for an undisclosed sum. After the acquisition, the corporate leased 209,496 sq. toes to an undisclosed tenant and began the method of customizing the 91,624 sq. toes of remaining out there house with speculative workplace and warehouse enhancements.
Accomplished in March, the constructing’s options embody 32-foot clear top, ESFR sprinklers, 68 dock-high loading doorways, 62 trailer parking spots and an all-concrete, 185-foot truck courtroom. Westcore additionally plans to broaden a western facet space of the property for extra exterior storage and trailer parking.
The Class A asset is at 1515 Company Crossings, inside the Rockwall County submarket. The constructing is close to Interstate 30, which offers direct entry to Dallas-Fort Value. The power can also be near DFW Worldwide Airport, the eleventh largest cargo airport within the U.S.
Senior Managing Administrators Aldon Cole and John Rose, Director Will Mogk and Affiliate Brad Vansant led the JLL Capital Markets Debt Advisory staff engaged on behalf of Westcore.
Westcore just lately bought Railhead Enterprise Station, a 519,905-square-foot, Class A industrial campus in Fort Value, Texas. Stream Realty Companions negotiated on behalf of the vendor.
