Barings Provides $115 Million Loan To Goldman Sachs Alternatives And CLX Ventures In Irving

The DFW Commerce Center Phases II and III comprises three industrial buildings totaling 1,953,620 square feet, located at 2501, 2701 & 2801 South Airfield Drive in the Irving market. The properties are developed on the airport’s ground lease and are capable of accommodating Foreign Trade Zone operations.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $115,000,000
• Lender: Barings
• Landlord: Goldman Sachs Alternatives & CLX Ventures
• Brokers: Campbell Roche, Kristi Leonard, Lauren Dow, Ryan Pollack & Campbell Swango - JLL
• Loan Terms: Floating rate

The financing for the transaction was arranged by the JLL Capital Markets team, led by Senior Managing Director Campbell Roche, who was assisted by Lauren Dow, Kristi Leonard, Ryan Pollack, and Campbell Swango. This team successfully secured the loan to support the final properties developed in this significant industrial park project.