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Texas  + Industrial  | 

956K-SF Fort Worth Spec Project Expected to Ride E-Commerce Wave

JLL Capital Markets arranged equity and construction financing for South Fort Worth Logistics Center, a speculative industrial development totaling 956,020 square feet in the southern part of Fort Worth. Terms weren’t disclosed.

JLL worked on behalf of developer Bandera Ventures to arrange the partnership with Invesco Real Estate. Additionally, working on behalf of the partnership, JLL arranged a three-year construction loan with Veritex Bank. The project is set for completion in 2021.
 
The JLL Capital Markets team representing the developer was led by managing director Dustin Volz, directors Stephen Bailey and Taylor Coy and analyst Zach Riebe.
 
The COVID-19 pandemic and the resulting shelter-in-place policies have accelerated e-commerce growth and the need for warehouse space across the nation. Accordingly, JLL expects e-commerce sales could hit $1.5 trillion by 2025, which would increase the demand for industrial real estate to an additional one billion square feet.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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