By Grace Lewis, Hotels & Hospitality and Capital Markets PR, August 27, 2024
JLL Capital Markets announced today that it secured financing for the refinance of Sylvania Industrial Park, a multi-tenant industrial manufacturing facility located in Fort Worth, Texas.
JLL worked on behalf of CanTex Capital to secure the three-year, floating-rate financing through MetLife Investment Management.
Totaling 893,738 square feet on 54.9 acres, the property provides tenants with attractive functionality including varying clear heights up to 50 feet, overhead bridge cranes, heavy power and rail access. The industrial park is currently leased to 15 tenants including a variety of national brands such as Tyson Foods, TK Airport Solutions (a subsidiary of TKE), JR New Energy and Andes Coil Processors.
Sylvania Industrial Park benefits from its proximity to downtown Fort Worth, with easy access to the major transportation arteries of I-35W and Loop 820. It is also situated in the highly sought-after industrial submarket of Meacham Field/Fossil Creek within the Dallas-Fort Worth metroplex.
The JLL Debt Advisory team was led by Senior Managing Director Jim Curtin, Senior Director Jarrod McCabe, Associate Luke Rogers and Analyst Jordan Buck.
According to JLL’s Dallas-Fort Worth Q2 2024 Industrial market report, industrial leasing activity saw a 25.1% increase from last quarter, totaling over 12 million square feet and was higher than each of the prior four quarters.
