{"id":1004728843,"date":"2024-09-13T03:53:04","date_gmt":"2024-09-13T11:53:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004728843"},"modified":"2024-09-13T06:38:05","modified_gmt":"2024-09-13T14:38:05","slug":"billingsley-lands-62m-for-dallas-industrial-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/billingsley-lands-62m-for-dallas-industrial-campus\/","title":{"rendered":"Billingsley Lands $62M for Dallas Industrial Campus"},"content":{"rendered":"\n

<\/p>\n\n\n

\n
\"Exterior<\/a>
Denton Distribution Center comprises two industrial buildings totaling nearly 900,000 square feet. Image courtesy of JLL<\/em><\/figcaption><\/figure><\/div>\n\n\n

Billingsley Co. has obtained $62.4 million from Allianz Life Insurance for Denton Distribution Center, a newly constructed industrial campus totaling nearly 900,000 square feet in Denton, Texas, public records show. The fixed-rate note refinances the existing construction debt, a $61.4 million loan from Frost Bank, according to the same source. <\/p>\n\n\n\n

JLL worked on behalf of the borrower. The Debt Advisory team, which has worked with Billingsley in the past, was led by Dallas office Co-Head & Senior Managing Director Campbell Roche and Director Kristi Leonard, together with Analysts Jordan Buck and Aaron Craig.<\/p>\n\n\n\n

Denton Distribution details<\/h2>\n\n\n\n

Situated on 50 acres at 3333 W. University Drive, Denton Distribution Center came online this year in one of Dallas-Fort Worth\u2019s growing industrial submarkets<\/a>. The larger building totals 451,384 square feet, while the other one has 448,386 square feet.<\/p>\n\n\n\n

The two cross-dock assets are fully leased long-term to a total of five tenants. Both buildings have 32-foot clear heights and suite sizes ranging from 60,000 to more than 250,000 square feet. The larger facility has 120 dock-high doors, while the second warehouse has 106 dock-high doors. George Billingsley of Billingsley Co. handled the development and leasing of Denton Distribution Center.<\/p>\n\n\n\n

The location provides accessibility across the Metroplex via Interstate 35. Downtown Dallas is 42 miles away.<\/p>\n\n\n\n

Billingsley developments<\/h2>\n\n\n\n

Billingsley has built more than 9.5 million square feet of industrial space in the Dallas-Fort Worth area, Houston and Chicago. The firm also develops office, retail, mixed-use, multifamily and single-family properties. In total, its portfolio includes more than 10 million square feet of commercial properties and more than 8,500 multifamily units.<\/p>\n\n\n\n

Billingsley is also known for its master-planned developments, particularly in the Metroplex. In May 2023, the company began construction on the first phase of Sloan Corners<\/a>, a 500-acre mixed-use development in Fairview and Allen, Texas. At full build-out, Sloan Corners is expected to be valued at $3 billion and encompass more than 10.6 million square feet of office space, 220,000 square feet of retail space and 6,000 multifamily units. <\/p>\n","protected":false},"excerpt":{"rendered":"

The note refinances the project’s construction debt.<\/p>\n","protected":false},"author":1068,"featured_media":1004728860,"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":[36989,34157,32796],"class_list":["post-1004728843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-finance","category-industrial","category-latest","category-southwest","tag-allianz-life-insurance","tag-billingsley-company","tag-jll"],"acf":[],"yoast_head":"\nBillingsley Lands $62M for Dallas Industrial Campus - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Billingsley Co. has obtained $62.4 million from Allianz Life Insurance for Denton Distribution Center, an industrial campus in Denton, 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\/billingsley-lands-62m-for-dallas-industrial-campus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Billingsley Lands $62M for Dallas Industrial Campus\" \/>\n<meta property=\"og:description\" content=\"Billingsley Co. has obtained $62.4 million from Allianz Life Insurance for Denton Distribution Center, an industrial campus in Denton, Texas.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/billingsley-lands-62m-for-dallas-industrial-campus\/\" \/>\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=\"2024-09-13T11:53:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-13T14:38:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/09\/Denton-Distribution-Center-edited.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2667\" \/>\n\t<meta property=\"og:image:height\" content=\"2000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\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\/billingsley-lands-62m-for-dallas-industrial-campus\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/billingsley-lands-62m-for-dallas-industrial-campus\/\",\"name\":\"Billingsley Lands $62M for Dallas Industrial Campus - 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