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CIP Real Estate Secures $25.2M Loan For Industrial Properties In Grand Prairie, Dallas, & Fort Worth

1830 & 1840 High Prairie Road, 2202 Manana Drive, & 5309 Superior Parkway
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This Industrial property located in TX received a loan of $25,200,000 about 3 years ago. The brokers of the deal were Dustin Volz, Stephen Bailey, Adam Roossien, Jarrod McCabe, and Kevin MacKenzie

The industrial property located at 1830 & 1840 High Prairie Road, 2202 Manana Drive, and 5309 Superior Parkway in Grand Prairie, Dallas, and Fort Worth has been involved in a recent loan transaction. The property spans across 35.3 acres and offers a total of 168,600 square feet of space.

Summary of transaction details

  • Property Type: Industrial
  • Market: Grand Prairie, Dallas, and Fort Worth
  • Address: 1830 & 1840 High Prairie Road, 2202 Manana Drive, and 5309 Superior Parkway
  • Square Footage: 168,600
  • Acres: 35.3

CIP Real Estate has secured a $25,200,000 loan from Bank of Hope for the industrial property. The loan terms include a five-year fixed rate, non-recourse agreement. The transaction was facilitated by the brokers Jarrod McCabe and Kevin MacKenzie from JLL.

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Deals
  • Location
    1840 High Prairie Road, Grand Prairie, TX, USA1840 High Prairie Road, Grand Prairie, TX, USA
  • Loan Value
    $25,200,000$25,200,000
  • Asset Type
    IndustrialIndustrial
  • Parties
    5 Brokers, 2 Agencies, 1 Lender5 Brokers, 2 Agencies, 1 Lender

Agents

Jarrod McCabe

Jarrod McCabe

Deals4
Financed$73.8M

Adam Roossien

Adam Roossien

Deals8
Financed$25.2M

Stephen Bailey

Stephen Bailey

Deals31
Financed$267M

Dustin Volz

Dustin Volz

Deals31
Financed$47M

Kevin MacKenzie

Kevin MacKenzie

Deals14
Financed$1.3B

Agencies

Newmark

Newmark

Agency
Deals3894
Volume$397.4B

JLL

JLL

Agency
Deals5591
Volume$332.6B

Bank of Hope

Bank of Hope

Lender
Deals6
Volume$ 2.9B

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Deal Summary

LOAN IMAGE: Jarrod McCabe & Kevin MacKenzie DATE: 01/27/2021 ADDRESS: 1830 & 1840 High Prairie Road, 2202 Manana Drive, & 5309 Superior Parkway MARKET: Grand Prairie, Dallas, & Fort Worth ASSET TYPE: Industrial SF: 168,600 ACRES: 35.3 BORROWER: CIP Real Estate LENDER: Bank of Hope BROKERS: Jarrod McCabe, & Kevin MacKenzie - JLL LOAN AMOUNT: $25,200,000 LOAN TERMS: Five-year, fixed-rate, non-recourse loan

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1830 & 1840 High Prairie Road, 2202 Manana Drive, & 5309 Superior Parkway

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