Billingsley Co. Secures $62.4 Million Refinance Loan From Allianz Life Insurance For Denton Distribution Center

The property involved in this transaction is an industrial asset located at 3333 West University Drive in Denton, Texas. It encompasses approximately 900,000 square feet and sits on a 50-acre site. The transaction pertains to a refinancing loan amounting to $62.4 million, which supports the financial needs of the Denton Distribution Center.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $62,400,000
• Lender: Allianz Life Insurance Co
• Landlord: Billingsley Co.
• Brokers: Campbell Roche, Jordan Buck & Kristi Leonard - JLL
• Loan Type: Refinance

This loan transaction was facilitated by the Debt Advisory team at JLL. It serves to refinance a previous construction loan of $61.4 million from Frost Bank, ensuring financial continuity for the center's operation and supporting its fully leased two-building complex.