Gantry Secures $23.4M Financing for DFW Business Park

Gantry secured a total of $23.4 million of senior financing and preferred equity to capitalize the acquisition of DFW Corporate Park, a flex-industrial park strategically positioned between Dallas and Fort Worth in the suburban Metroplex. GPR Ventures purchased the asset for $26 million.

The 22-building, 211,385-square-foot property is located at 2100 N Highway 360 in Grand Prairie and features a wide variety of rear-loaded warehouse spaces, modern office suites, and street-fronting retail spaces for lease.

The first position loan consisted of a five-year, fixed-rate permanent loan sourced through one of Gantry’s top life company correspondents. Gantry also arranged for the placement of a preferred equity commitment from a national private equity investment fund.

Gantry’s Braden Turnbull added, “The value-add nature of this acquisition, coupled with the current market’s rate volatility and subsequent pullback from banks and other traditional relationship lenders was challenging.”