JLL secures construction financing for major DFW industrial development
United States, Sept. 10 -- JLL Capital Markets announced it has secured construction financing for 635 Exchange, a Class A industrial development totaling 595,688 square feet across three buildings in Dallas, Texas.JLL represented the borrower, a joint venture between Creation Equity and PGIM Real Estate, to secure the financing through a 50/50 syndication between Veritex Bank and Comerica Bank.The 635 Exchange development occupies a 36.27-acre site at the corner of Interstate 635, the vital loop around Dallas, and Interstate 35E, a crucial north-south artery connecting Texas from Laredo to the Minnesota border. This strategic positioning provides tenants with swift access to more than 7.8 million consumers within a 60-minute drive and a ri...
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