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August 6, 2020 Comments Off on 956K-SF Fort Worth Spec Project Expected to Ride E-Commerce Wave Views: 586 Texas News, Top Texas

956K-SF Fort Worth Spec Project Expected to Ride E-Commerce Wave

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JLL Capital Markets arranged equity and construction financing for South Fort Worth Logistics Center, a speculative industrial development totaling 956,020 square feet in the southern part of Fort Worth. Terms weren’t disclosed.

JLL worked on behalf of developer Bandera Ventures to arrange the partnership with Invesco Real Estate. Additionally, working on behalf of the partnership, JLL arranged a three-year construction loan with Veritex Bank. The project is set for completion in 2021.
 
The JLL Capital Markets team representing the developer was led by managing director Dustin Volz, directors Stephen Bailey and Taylor Coy and analyst Zach Riebe.
 
The COVID-19 pandemic and the resulting shelter-in-place policies have accelerated e-commerce growth and the need for warehouse space across the nation. Accordingly, JLL expects e-commerce sales could hit $1.5 trillion by 2025, which would increase the demand for industrial real estate to an additional one billion square feet.

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