Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Texas  + Dallas-Fort Worth  + Industrial  | 
Newmark secures construction loan for FW business building

Falcon/Diamond Realty Secure Financing for FW Industrial Building

Falcon Commercial Development has secured joint venture equity from Diamond Realty Investments for the development of Oak Creek Distribution Center, a 238,289-square-foot industrial project in Fort Worth, Texas. Newmark arranged the financing on behalf of the owner and developer. Commercial Edge reports First United Bank and Trust originated a $16.5 million construction loan for the project. The Class A industrial development is expected to break ground this month, with completion scheduled for early 2024.

Oak Creek Distribution Center will rise at 4851 E. Loop 820 and will include 32-foot clear heights, 63 dock high doors, 130-foot truck courts, two ramps, 200 vehicle parking spots and a rear-load configuration. The building is designed to accommodate both single and multi-tenant users. The approximately 18-acre site is close to Interstate 820 and U.S. Highway 287.

A Newmark’s Capital Markets team led by Stephen Bailey worked on behalf of the owner.

Connect Texas Multifamily 2023 will take place on Aug. 22, 2023 at Virgin Hotel in Dallas. Click here for more information and to register.


Inside The Story

Falcon CommercialStephen Bailey

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Development
  • ◦Financing
New call-to-action
New call-to-action
New call-to-action