HFF announces $40M capital raise for development of 1M SF industrial project in Dallas-Fort Worth
DALLAS, TX – February 13, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces a $40 million capital raise for the first phase of DFW Commerce Center, which consists of a one million-square-foot, Class A+ industrial development located on Dallas/Fort Worth International Airport (DFW Airport) land in Irving, Texas.
The HFF team worked on behalf of the developer, Copeland Commercial, LLC, to arrange the joint venture equity.
Once completed, DFW Commerce Center will comprise four buildings totaling 2.8 million square feet. Phase I’s cross dock distribution and warehouse building will have 40-foot clear heights, 184 dock doors and is designed for light to heavy distribution, with significant overflow parking to accommodate e-commerce users. Phase I will be situated at the intersection of West Walnut Hill Lane and East Airfield Drive on 57.83 acres on DFW Airport land subject to a 40-year ground lease. The property, which is just south of the main airport taxiway, is equidistant between the BNSF and the UP Intermodal Facilities and less than two miles north of West Airport Freeway and one mile west of Texas 161, which provides immediate access to Interstate 635 and State Highways 360 and 115.
The HFF team included executive managing director Joe B. Thornton, Jr., managing director Adam Herrin and director Stephen Bailey.
About Copeland Commercial, LLC
Copeland Commercial is an industrial development platform with a 31-year track record of success in portfolio strategy, asset management, investment sales, leasing, acquisitions, dispositions and development. Copeland has extensive experience on a local, national and global level. Since 1999, Copeland has negotiated numerous joint venture structures and has a development track record totaling 210 buildings, 41.2 million square feet and $2 billion in gross asset value.
HFF and its affiliates operate out of 25 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.