McCormack Commercial Secures $20.5M Refinance Loan For Industrial Property In Fort Worth

McCormack Commercial has obtained a $20.5 million refinancing loan for a Class A building located at 4501 North Freeway in Fort Worth's Meacham Commerce Center. The industrial property, with a total area of 334,750 square feet, is part of an expanding industrial park. It features high clear heights and dock-high doors, offering ample space for various industrial operations.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $20,500,000
• Address: 4501 North Freeway, Fort Worth
• Market: Fort Worth
• Landlord: McCormack Commercial
• Lender: Protective Life Insurance Co.
• Brokers: Colby Mueck, John Beeler & John David Johnson - JLL Capital Markets

The loan, provided by Protective Life Insurance Co., will allow McCormack Commercial to refinance the property and unlock further potential for growth and development. This successful transaction highlights the ongoing investment and interest in the bustling industrial sector in Fort Worth.