Perot Development’s DFW Park 161 Lands Debt and Equity
JLL Capital Markets arranged equity and construction financing for DFW Park 161, a Class A+ industrial park that will eventually total more than 2.4 million square feet at Dallas-Fort Worth International Airport in Irving.
A team of Stephen Bailey, Dustin Volz and John Rose worked on behalf of Perot Development Company to arrange the partnership with Invesco Real Estate. Additionally, working on behalf of the partnership, JLL arranged a five-year construction loan.
Designed by Halff Associates, DFW Park 161 will consist of a four-building, highly efficient, Class A+ industrial business park. The project will be developed in phases and feature cross-dock buildings that have between 32- and 40-foot clear heights, 121 bays, 383 trailer parks and wide column spacing.
The deal was secured by HFF prior to its acquisition by JLL on July 1, 2019. Co-brokerage services were provided by Jones Lang LaSalle Americas, Inc.
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