{"id":1004469670,"date":"2020-08-06T03:07:44","date_gmt":"2020-08-06T11:07:44","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004469670"},"modified":"2020-08-06T05:40:40","modified_gmt":"2020-08-06T13:40:40","slug":"bandera-ventures-invesco-real-estate-land-funding-for-dallas-area-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bandera-ventures-invesco-real-estate-land-funding-for-dallas-area-project\/","title":{"rendered":"JV Lands Funding for 1 MSF Dallas-Area Logistics Project"},"content":{"rendered":"<div id=\"attachment_1004362592\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/logistics-e1574790083699.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004362592\" data-attachment-id=\"1004362592\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/logistics-sector-activity-normalizes-in-third-quarter\/logistics-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/logistics-e1574790083699.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"logistics\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Image via Pixabay.com&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/logistics-e1574790083699.jpg?w=800\" class=\"wp-image-1004362592 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/logistics.jpg\" alt=\"\" width=\"300\" height=\"225\"><\/a><p id=\"caption-attachment-1004362592\" class=\"wp-caption-text\"><em>Image via Pixabay.com<\/em><\/p><\/div>\n<p>A 956,000-square-foot, two-building industrial project to be developed in Fort Worth, Texas, by Bandera Ventures and Invesco Real Estate has received <a href=\"https:\/\/www.commercialsearch.com\/news\/perot-development-lands-equity-financing-for-2-4-msf-dallas-project\/\">equity and construction financing<\/a>, according to JLL Capital Markets, which secured the funding and arranged Bandera\u2019s partnership with Invesco.<\/p>\n<hr>\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/covid-19-crisis-fuels-growth-in-cold-storage\/\">COVID-19 Fuels Growth in Cold Storage<\/a><\/p>\n<hr>\n<p>On behalf of the partnership, JLL arranged a three-year construction loan with Veritex Bank. Specifics on the equity and construction funding were not disclosed.<\/p>\n<p>South Fort Worth Logistics Center is a speculative logistics development on a 47.6-acre site at the northwest corner of Oak Grove Road and Everman Parkway. The location has easy north-south access via I-35W and east-west access via I-20.<\/p>\n<p>The project is being designed by Halff Associates, of Richardson, Texas, and will consist of two cross-dock buildings featuring 36- to 40-foot clear heights, deep truck courts, ample parking and trailer storage, 231 loading doors and ESFR sprinkler systems. The buildings can be configured for a single tenant or multiple tenants. The project\u2019s completion is scheduled for 2021.<\/p>\n<p>The JLL Capital Markets team representing the developers was led by Managing Director Dustin Volz, Directors Stephen Bailey and Taylor Coy, and Analyst Zach Riebe.<\/p>\n<h2>Balancing act<\/h2>\n<p>Bandera <a href=\"https:\/\/www.commercialsearch.com\/news\/bandera-ventures-dfw-industrial-project-moves-forward\/\">went through a similar process<\/a> when getting under way with its five-building Gateway Logistics Center at Dallas\/Fort Worth International Airport about two years ago. In that case, HFF (since acquired by JLL, of course) both secured Long Wharf Capital as Bandera\u2019s joint venture equity partner and arranged construction funding from Bank of the Ozarks.<\/p>\n<p>The metro Dallas\u2013Fort Worth is teetering between worsening job losses caused by COVID-19 and strong population growth, of 126,000 residents year-over-year, according to a second-quarter report from Cushman &amp; Wakefield.<\/p>\n<p>The industrial space market is fairly stable, with vacancy rising by 20 basis points during the quarter (to 6.1 percent) as a result of completions slightly outpacing net absorption.<\/p>\n<p>The South Fort Worth submarket has an overall average vacancy of 5.1 percent, on an inventory of 27.9 million square feet. Absorption this year has totaled 757,000 square feet, versus 3 million square feet under construction, again according to Cushman &amp; Wakefield.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bandera Ventures has teamed up with Invesco Real Estate to build a spec industrial development in Fort Worth, Texas.<\/p>\n","protected":false},"author":882,"featured_media":1004362592,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21782,21808,21825,21748,21742],"tags":[35774,32799,32914,33882,32796,44006],"class_list":["post-1004469670","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-development","category-featured","category-finance","category-industrial","category-latest","tag-bandera-ventures","tag-cushman-wakefield","tag-e-commerce","tag-invesco-real-estate","tag-jll","tag-jll-capital-markets"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>JV Lands Funding for 1 MSF Dallas-Area Logistics Project - 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\/bandera-ventures-invesco-real-estate-land-funding-for-dallas-area-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JV Lands Funding for 1 MSF Dallas-Area Logistics Project\" \/>\n<meta property=\"og:description\" content=\"Bandera Ventures has teamed up with Invesco Real Estate to build a spec industrial development in Fort Worth, Texas.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/bandera-ventures-invesco-real-estate-land-funding-for-dallas-area-project\/\" \/>\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=\"2020-08-06T11:07:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-08-06T13:40:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/logistics-e1574790083699.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bandera-ventures-invesco-real-estate-land-funding-for-dallas-area-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/bandera-ventures-invesco-real-estate-land-funding-for-dallas-area-project\/\",\"name\":\"JV Lands Funding for 1 MSF Dallas-Area Logistics Project - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bandera-ventures-invesco-real-estate-land-funding-for-dallas-area-project\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bandera-ventures-invesco-real-estate-land-funding-for-dallas-area-project\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/logistics-e1574790083699.jpg\",\"datePublished\":\"2020-08-06T11:07:44+00:00\",\"dateModified\":\"2020-08-06T13:40:40+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bandera-ventures-invesco-real-estate-land-funding-for-dallas-area-project\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/bandera-ventures-invesco-real-estate-land-funding-for-dallas-area-project\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bandera-ventures-invesco-real-estate-land-funding-for-dallas-area-project\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/logistics-e1574790083699.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/logistics-e1574790083699.jpg\",\"width\":800,\"height\":600,\"caption\":\"Image via Pixabay.com\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bandera-ventures-invesco-real-estate-land-funding-for-dallas-area-project\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"JV Lands Funding for 1 MSF Dallas-Area Logistics Project\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\",\"name\":\"Scott Baltic\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"caption\":\"Scott Baltic\"},\"description\":\"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"JV Lands Funding for 1 MSF Dallas-Area Logistics Project - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/bandera-ventures-invesco-real-estate-land-funding-for-dallas-area-project\/","og_locale":"en_US","og_type":"article","og_title":"JV Lands Funding for 1 MSF Dallas-Area Logistics Project","og_description":"Bandera Ventures has teamed up with Invesco Real Estate to build a spec industrial development in Fort Worth, Texas.","og_url":"https:\/\/www.commercialsearch.com\/news\/bandera-ventures-invesco-real-estate-land-funding-for-dallas-area-project\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2020-08-06T11:07:44+00:00","article_modified_time":"2020-08-06T13:40:40+00:00","og_image":[{"width":800,"height":600,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/logistics-e1574790083699.jpg","type":"image\/jpeg"}],"author":"Scott Baltic","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/bandera-ventures-invesco-real-estate-land-funding-for-dallas-area-project\/","url":"https:\/\/www.commercialsearch.com\/news\/bandera-ventures-invesco-real-estate-land-funding-for-dallas-area-project\/","name":"JV Lands Funding for 1 MSF Dallas-Area Logistics Project - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/bandera-ventures-invesco-real-estate-land-funding-for-dallas-area-project\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/bandera-ventures-invesco-real-estate-land-funding-for-dallas-area-project\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/logistics-e1574790083699.jpg","datePublished":"2020-08-06T11:07:44+00:00","dateModified":"2020-08-06T13:40:40+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/bandera-ventures-invesco-real-estate-land-funding-for-dallas-area-project\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/bandera-ventures-invesco-real-estate-land-funding-for-dallas-area-project\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/bandera-ventures-invesco-real-estate-land-funding-for-dallas-area-project\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/logistics-e1574790083699.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/logistics-e1574790083699.jpg","width":800,"height":600,"caption":"Image via Pixabay.com"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/bandera-ventures-invesco-real-estate-land-funding-for-dallas-area-project\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"JV Lands Funding for 1 MSF Dallas-Area Logistics Project"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555","name":"Scott Baltic","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","caption":"Scott Baltic"},"description":"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/logistics-e1574790083699.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004469670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/882"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004469670"}],"version-history":[{"count":6,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004469670\/revisions"}],"predecessor-version":[{"id":1004469817,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004469670\/revisions\/1004469817"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004362592"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004469670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004469670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004469670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}