{"id":1004207188,"date":"2018-02-15T03:43:14","date_gmt":"2018-02-15T11:43:14","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004207188"},"modified":"2022-12-08T20:23:49","modified_gmt":"2022-12-09T04:23:49","slug":"dfw-industrial-park-lands-40m-construction-loan","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dfw-industrial-park-lands-40m-construction-loan\/","title":{"rendered":"DFW Industrial Park Lands $40M Equity"},"content":{"rendered":"

By Keith Loria<\/em><\/p>\n

\"DFW<\/a>

DFW Commerce Center<\/p><\/div>\n

Copeland Commercial LLC received $40 million in equity for the development of the DFW Commerce Center, a 1 million-square-foot Class A industrial property located on Dallas\/Fort Worth International Airport’s land in Irving, Texas.\u00a0HFF\u00a0arranged the funding.<\/p>\n

DFW Commerce Center will consist of four buildings totaling 2.8 million square feet.\u00a0Plans for phase 1 include a cross dock distribution and warehouse building that will offer 40-foot clear heights, 184 dock doors designed for light to heavy distribution, with significant overflow parking to accommodate e-commerce users.\u00a0<\/p>\n

The project will be situated at the intersection of West Walnut Hill Lane and East Airfield Drive on 57.8 acres on the DFW Airport land, subject to a 40-year ground lease.\u00a0Just south of the main airport taxiway, the\u00a0center\u00a0will be less than two miles north of West Airport Freeway and one mile west of Texas 161.<\/p>\n

The HFF team included Executive Managing Director Joe Thornton, Jr., Managing Director Adam Herrin and Director Stephen Bailey.<\/p>\n

Copeland Commercial has a development track record that includes 210 buildings, 41.2 million square feet and $2 billion in gross asset value.<\/p>\n

Increased\u00a0Activity<\/strong><\/h2>\n

According to Colliers 4Q 2017 Market Report, the Dallas-Fort Worth industrial market remained hot in 2017, posting the second-highest net absorption\u201423.6 million square feet\u2014just 1.9 million behind 2016\u2019s total. Additionally, the vacancy rate rose due to the large amount of spec deliveries, at 5.9 percent.<\/p>\n

Earlier this week, HFF landed a construction loan for the 1.4 million-square-foot Gateway Logistics Center<\/a> at Dallas\/Fort Worth International Airport, right after securing a joint venture equity partner for the developer.<\/p>\n

Image courtesy of HFF<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

HFF secured the money for Copeland Commercial’s first phase of the 2.8 million-square-foot DFW Commerce Center. Phase one will include a cross dock distribution and warehouse building with state-of-the-art facilities.<\/p>\n","protected":false},"author":451,"featured_media":1004207206,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21782,21808,21748,21783,21742],"tags":[39126,32792],"class_list":["post-1004207188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-development","category-featured","category-industrial","category-investment","category-latest","tag-adam-herrin","tag-hff"],"acf":[],"yoast_head":"\nDFW Industrial Park Lands $40M Equity - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/dfw-industrial-park-lands-40m-construction-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DFW Industrial Park Lands $40M Equity\" \/>\n<meta property=\"og:description\" content=\"HFF secured the money for Copeland Commercial's first phase of the 2.8 million-square-foot DFW Commerce Center. Phase one will include a cross dock distribution and warehouse building with state-of-the-art facilities.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/dfw-industrial-park-lands-40m-construction-loan\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-15T11:43:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T04:23:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/1518544383_DFW.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"581\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dfw-industrial-park-lands-40m-construction-loan\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dfw-industrial-park-lands-40m-construction-loan\\\/\"},\"author\":{\"name\":\"Keith Loria\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/aaa29b723dad85f2444ae3cb0c4d735f\"},\"headline\":\"DFW Industrial Park Lands $40M Equity\",\"datePublished\":\"2018-02-15T11:43:14+00:00\",\"dateModified\":\"2022-12-09T04:23:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dfw-industrial-park-lands-40m-construction-loan\\\/\"},\"wordCount\":273,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dfw-industrial-park-lands-40m-construction-loan\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/02\\\/1518544383_DFW.jpg\",\"keywords\":[\"Adam Herrin\",\"HFF\"],\"articleSection\":[\"Dallas\",\"Development\",\"Featured\",\"Industrial\",\"Investment\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dfw-industrial-park-lands-40m-construction-loan\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/dfw-industrial-park-lands-40m-construction-loan\\\/\",\"name\":\"DFW Industrial Park Lands $40M Equity - 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