Billingsley Co. Refinances 9111 Cypress Waters Blvd Office Building With 15-Year Loan

9111 Cypress Waters Boulevard in Irving, TX is a newly built, 223,319-square-foot office building developed by Billingsley Co. The property is located within the 1,000-acre Cypress Waters development in Coppell, Texas. This office building houses 7-Eleven's North American headquarters and was 94 percent leased at the time of the loan placement. Proceeds from the 15-year loan through Lincoln Financial Group were used to take out a construction loan.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Borrower's Representative: Trey Morsbach (JLL)
• Lender: Lincoln Financial Group
• Other Key Information: The building is part of the Cypress Waters development, set to feature 8 million square feet of office space, 45,000 square feet of retail space, and up to 10,000 multifamily units upon completion.

Trey Morsbach and Jim Curtin of HFF facilitated the 15-year loan through Lincoln Financial Group on behalf of the borrower, Billingsley Co. The refinancing of 9111 Cypress Waters Boulevard marks a significant step in the development of this office property. The strategic placement of this loan will support the ongoing growth and success of the 1,000-acre Cypress Waters development in Coppell, Texas.