{"id":1004713746,"date":"2024-05-16T02:23:23","date_gmt":"2024-05-16T10:23:23","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004713746"},"modified":"2024-05-16T05:51:20","modified_gmt":"2024-05-16T13:51:20","slug":"hillwood-refinances-1-2-msf-fort-worth-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hillwood-refinances-1-2-msf-fort-worth-asset\/","title":{"rendered":"Hillwood Refinances 1.2 MSF Fort Worth Asset"},"content":{"rendered":"\n

<\/p>\n\n\n

\n
\"Alliance
A rendering of Alliance Westport 25. Image courtesy of Hillwood<\/em><\/figcaption><\/figure><\/div>\n\n\n

Hillwood has landed forward financing for Alliance Westport 25, a 1.2 million-square-foot industrial building in Fort Worth, Texas. Part of the 27,000-acre AllianceTexas, the facility completed construction just last month.<\/p>\n\n\n\n

Thrivent Financial for Lutherans provided the seven-year note, public records show. The loan refinances the property’s existing debt, a $57.4 million construction loan originated by Citizens Bank in August 2022, according to CommercialEdge data. <\/p>\n\n\n\n

Hillwood broke ground on Alliance Westport 25<\/a> on a speculative basis. Situated at 14800 Blue Mound Road on a 74-acre lot, the industrial building features 40-foot clear heights, 188 dock doors and four drive-in doors.<\/p>\n\n\n\n

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READ ALSO:<\/strong> Top 5 Metros for Industrial Deliveries<\/a><\/p>\n\n\n\n

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Southwire Co., a wire and cable manufacturer, fully occupies the property. The company preleased the facility in July 2023 for a customer service center. The location aids in streamlining Southwire\u2019s product to the Southwest and Midwest regions. <\/p>\n\n\n\n

Downtown Fort Worth is 20 miles from the facility. The Dallas Fort-Worth International Airport is approximately 24 miles away.<\/p>\n\n\n\n

JLL represented the borrower. Executive Managing Director Trey Morsbach, Managing Director DJ Meagher, Associate Ryan Pollack and Analyst Chad Lisbeth led the JLL Capital Markets team.<\/p>\n\n\n\n

Industrial boom in the Metroplex<\/h2>\n\n\n\n

Dallas-Fort Worth had the most significant development pipeline in the South as of March, according to a CommercialEdge industrial report<\/a>. Some 24.5 million square feet were under construction in the metro, representing 2.6 percent of total stock. <\/p>\n\n\n\n

Additionally, the Metroplex saw the largest sales volume in the South and the second-largest in the nation in the first quarter of this year, totaling $831 million, the same data shows.<\/p>\n","protected":false},"excerpt":{"rendered":"

This industrial building is part of a 27,000-acre campus.<\/p>\n","protected":false},"author":3006,"featured_media":1004595082,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21825,21748,21742,51973],"tags":[33925,32897,32796],"class_list":["post-1004713746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-finance","category-industrial","category-latest","category-southwest","tag-citizens-bank","tag-hillwood","tag-jll"],"acf":[],"yoast_head":"\nHillwood Refinances 1.2 MSF Fort Worth Asset - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Hillwood has landed forward financing for Alliance Westport 25, a 1.2 million-square-foot industrial building in Fort Worth, Texas.\" \/>\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\/hillwood-refinances-1-2-msf-fort-worth-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hillwood Refinances 1.2 MSF Fort Worth Asset\" \/>\n<meta property=\"og:description\" content=\"Hillwood has landed forward financing for Alliance Westport 25, a 1.2 million-square-foot industrial building in Fort Worth, Texas.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hillwood-refinances-1-2-msf-fort-worth-asset\/\" \/>\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=\"2024-05-16T10:23:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-16T13:51:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/08\/Alliance-Westport-25-e1659520703400.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jordana Rothberg\" \/>\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\/hillwood-refinances-1-2-msf-fort-worth-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/hillwood-refinances-1-2-msf-fort-worth-asset\/\",\"name\":\"Hillwood Refinances 1.2 MSF Fort Worth Asset - 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