{"id":1004696003,"date":"2023-12-29T05:11:00","date_gmt":"2023-12-29T13:11:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004696003"},"modified":"2023-12-29T13:23:31","modified_gmt":"2023-12-29T21:23:31","slug":"gantry-secures-23m-for-dfw-industrial-park-acquisition","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/gantry-secures-23m-for-dfw-industrial-park-acquisition\/","title":{"rendered":"Gantry Secures $23M for DFW Industrial Park Acquisition"},"content":{"rendered":"<div id=\"attachment_1004696030\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/DFW-Corporate-Park-e1703863455916.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004696030\" data-attachment-id=\"1004696030\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/gantry-secures-23m-for-dfw-industrial-park-acquisition\/dfw-corporate-park\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/DFW-Corporate-Park-e1703863455916.jpg\" data-orig-size=\"450,338\" 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;0&quot;}\" data-image-title=\"DFW Corporate Park\" data-image-description=\"&lt;p&gt;The commercial spaces at DFW Corporate Park have been recently updated with modern fixtures and upgraded materials. Image courtesy of Gantry&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The commercial spaces at DFW Corporate Park have been recently updated with modern fixtures and upgraded materials. Image courtesy of Gantry&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/DFW-Corporate-Park-e1703863455916.jpg?w=450\" class=\"wp-image-1004696030 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/DFW-Corporate-Park-e1703863455916.jpg?w=300\" alt=\"The commercial spaces at DFW Corporate Park have been recently updated with modern fixtures and upgraded materials. Image courtesy of Gantry\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/DFW-Corporate-Park-e1703863455916.jpg 450w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/12\/DFW-Corporate-Park-e1703863455916.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004696030\" class=\"wp-caption-text\">The commercial spaces at DFW Corporate Park have been recently updated with modern fixtures and upgraded materials. <em>Image courtesy of Gantry<\/em><\/p><\/div>\n<p><strong>Gantry <\/strong>has secured a total of $23.4 million of senior financing and preferred equity to capitalize the acquisition of DFW Corporate Park, a 211,385-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/transformative-shifts-a-recap-of-2023-in-the-dynamic-industrial-sector\/\">industrial park<\/a> in Grand Prairie, Texas. <strong>GPR Ventures<\/strong> purchased the asset for $26 million, according to CommercialEdge data.<\/p>\n<p>Gantry\u2019s Principal Braden Turnbull and Associate Keegan Bridges brokered the transaction, securing the financing on behalf of the borrower. The five-year and fixed rate permanent loan was sourced through one of Gantry\u2019s life company correspondents. The company also arranged the placement of a preferred equity commitment from a national private equity investment fund.<\/p>\n<p>Completed in 1981, DFW Corporate Park comprises 22 buildings on a 16.2-acre site. The flex-industrial park incorporates several rear-loaded warehouse spaces, modern office space and street fronting retail spaces for lease. The property features insulated ceilings, climate control, 18-foot clear heights and approximately 630 parking spaces.<\/p>\n<p>Located at located at 2100 N. Highway 360, the industrial park is within the Arlington submarket. DFW Corporate Park is near the intersection of Interstate and State Route 360, which provide direct access to Dallas and Fort Worth, Texas.<\/p>\n<p>The Dallas-Fort Worth industrial supply has increased significantly in 2023. According to a recent CBRE report, almost 4.2 million square feet were absorbed over the third quarter of 2023, bringing the amount of industrial space absorbed in the Dallas\/Fort Worth since the fourth quarter of 2010 to 289.7 million square feet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GPR Ventures is the new owner of the 22-building property.<\/p>\n","protected":false},"author":3014,"featured_media":1004696030,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21748,21783,21742,51973],"tags":[51763,50323],"class_list":["post-1004696003","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-industrial","category-investment","category-latest","category-southwest","tag-gantry","tag-gpr-ventures"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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