CIP Real Estate Secures $25.2M Loan For Industrial Properties In Grand Prairie, Dallas, & Fort Worth

The industrial property located at 1830 & 1840 High Prairie Road, 2202 Manana Drive, and 5309 Superior Parkway in Grand Prairie, Dallas, and Fort Worth has been involved in a recent loan transaction. The property spans across 35.3 acres and offers a total of 168,600 square feet of space.

Summary of transaction details

• Property Type: Industrial
• Market: Grand Prairie, Dallas, and Fort Worth
• Address: 1830 & 1840 High Prairie Road, 2202 Manana Drive, and 5309 Superior Parkway
• Square Footage: 168,600
• Acres: 35.3

CIP Real Estate has secured a $25,200,000 loan from Bank of Hope for the industrial property. The loan terms include a five-year fixed rate, non-recourse agreement. The transaction was facilitated by the brokers Jarrod McCabe and Kevin MacKenzie from JLL.