Texas + Industrial | May 14, 2020

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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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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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