Hunter Harrison Of PHP Capital Partners Acquires 115000 Square Foot Gateway Business Center In Irving
6005 Commerce Drive, 6000 Campus Circle Drive West & 6012 Campus Circle Drive West
Building Size
345,000 SF
Asset Type
Mixed-use
Closing
Dec 12, 2025
AI
The property asset involved in this transaction is a mixed-use development located at 6005, 6015 Commerce Drive and 6000 & 6012 Campus Circle Drive W in Irving, Texas. The total square footage of the Gateway Business Center is 115,000, and it consists of four buildings that expand PHP Capital Partners' industrial portfolio in Texas.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not disclosed
- Date of Transaction: 12/12/2025
- Buyer: Hunter Harrison - PHP Capital Partners
- Capital Partner: Panther FW Investments
- Market: Irving
- Address: 6005, 6015 Commerce Drive; 6000 & 6012 Campus Circle Drive W
- Total Square Footage: 115,000
This transaction marks PHP Capital Partners' fourth acquisition of the year 2025, indicating a significant expansion strategy within the Texas industrial market. Hunter Harrison represents PHP Capital Partners in this deal, collaborating with Panther FW Investments to secure this business park.
Players
Irving Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93